Comerica Bank Sells 4,179 Shares of Everus Construction Group, Inc. $ECG

Comerica Bank decreased its position in Everus Construction Group, Inc. (NYSE:ECG – Free Report) by 19.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,015 shares of the company’s stock after selling 4,179 shares during the period. Comerica Bank’s holdings in Everus Construction Group were worth $1,456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ECG. Geneos Wealth Management Inc. boosted its stake in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Sound Income Strategies LLC bought a new position in Everus Construction Group during the 4th quarter valued at about $28,000. Bessemer Group Inc. lifted its stake in Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after acquiring an additional 137 shares during the period. Flagship Harbor Advisors LLC bought a new position in Everus Construction Group during the 4th quarter valued at about $30,000. Finally, Quent Capital LLC bought a new position in Everus Construction Group during the 3rd quarter valued at about $53,000.

Analysts Set New Price Targets

Several research firms have issued reports on ECG. Stifel Nicolaus upped their target price on shares of Everus Construction Group to $153.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Oppenheimer upped their target price on shares of Everus Construction Group from $120.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday. Cantor Fitzgerald began coverage on shares of Everus Construction Group in a research note on Friday, January 23rd. They set a “neutral” rating and a $97.00 target price on the stock. Glj Research began coverage on shares of Everus Construction Group in a research note on Monday, April 20th. They set a “hold” rating and a $141.00 target price on the stock. Finally, Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Everus Construction Group currently has a consensus rating of “Hold” and an average price target of $138.83.

View Our Latest Research Report on ECG

Everus Construction Group Price Performance

NYSE ECG opened at $158.18 on Friday. Everus Construction Group, Inc. has a 52 week low of $47.12 and a 52 week high of $171.58. The firm has a market capitalization of $8.07 billion, a P/E ratio of 36.28 and a beta of 2.55. The company has a quick ratio of 1.70, a current ratio of 1.77 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $125.94 and a 200-day moving average price of $103.97.

Everus Construction Group (NYSE:ECG – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.81 by $0.33. Everus Construction Group had a net margin of 5.65% and a return on equity of 37.17%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $933.81 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts anticipate that Everus Construction Group, Inc. will post 4.1 earnings per share for the current year.

Everus Construction Group Profile

(Free Report)

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers. Everus Construction Group is based in BISMARCK, N.D.

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