Key Points
- Director Helena Mercedes Hernandez purchased 250 shares on Dec. 8 at an average price of $92.18 (total $23,045), raising her holdings to 2,110 shares — a 13.44% increase — as disclosed in an SEC filing.
- Everus reported a strong quarter with $1.11 EPS vs. $0.62 expected and $986.8M revenue (up 29.7% year-over-year); analysts hold a consensus "Moderate Buy" with a $100.33 price target while the stock trades near $91 (52‑week high $103.08).
Everus Construction Group, Inc. (NYSE:ECG - Get Free Report) Director Helena Mercedes Hernandez purchased 250 shares of the company's stock in a transaction on Monday, December 8th. The stock was bought at an average cost of $92.18 per share, for a total transaction of $23,045.00. Following the acquisition, the director directly owned 2,110 shares of the company's stock, valued at $194,499.80. This represents a 13.44% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Everus Construction Group Trading Down 0.5%
NYSE ECG opened at $91.29 on Tuesday. The stock has a market cap of $4.66 billion and a price-to-earnings ratio of 25.86. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $103.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The firm's 50 day moving average price is $89.31 and its two-hundred day moving average price is $76.76.
Everus Construction Group (NYSE:ECG - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.49. The firm had revenue of $986.82 million for the quarter, compared to analyst estimates of $830.60 million. Everus Construction Group had a net margin of 5.18% and a return on equity of 36.74%. The company's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Equities analysts anticipate that Everus Construction Group, Inc. will post 2.49 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its holdings in Everus Construction Group by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company's stock worth $25,000 after buying an additional 198 shares during the period. Signaturefd LLC increased its holdings in Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company's stock worth $28,000 after purchasing an additional 208 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Everus Construction Group by 68.2% in the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company's stock valued at $29,000 after purchasing an additional 137 shares during the period. Country Trust Bank bought a new stake in shares of Everus Construction Group in the second quarter valued at about $31,000. Finally, Salomon & Ludwin LLC bought a new stake in Everus Construction Group in the 3rd quarter valued at approximately $33,000.
Analysts Set New Price Targets
Several research analysts have recently commented on ECG shares. Weiss Ratings restated a "hold (c)" rating on shares of Everus Construction Group in a research note on Wednesday, October 8th. Zacks Research raised shares of Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. DA Davidson set a $102.00 target price on Everus Construction Group in a research note on Thursday, November 6th. Oppenheimer restated an "outperform" rating and set a $105.00 price objective on shares of Everus Construction Group in a research report on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Everus Construction Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $100.33.
Read Our Latest Stock Analysis on Everus Construction Group
Everus Construction Group Company Profile
(
Get 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.
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