Mutual of America Capital Management LLC Makes New $275,000 Investment in Everus Construction Group, Inc. (NYSE:ECG)

Mutual of America Capital Management LLC bought a new position in Everus Construction Group, Inc. (NYSE:ECG) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 7,424 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Everus Construction Group by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 442,074 shares of the company’s stock worth $16,397,000 after acquiring an additional 30,961 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Everus Construction Group in the 1st quarter worth $75,089,000. Moors & Cabot Inc. increased its stake in shares of Everus Construction Group by 2.3% in the 1st quarter. Moors & Cabot Inc. now owns 17,477 shares of the company’s stock worth $648,000 after acquiring an additional 387 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Everus Construction Group by 208.0% in the 1st quarter. Jefferies Financial Group Inc. now owns 37,500 shares of the company’s stock worth $1,391,000 after acquiring an additional 25,325 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Everus Construction Group in the 1st quarter worth $405,000.

Wall Street Analysts Forecast Growth

ECG has been the subject of a number of recent research reports. Oppenheimer raised their target price on Everus Construction Group from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. DA Davidson increased their price target on Everus Construction Group from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Wall Street Zen downgraded Everus Construction Group from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus raised their price objective on Everus Construction Group from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.67.

Everus Construction Group Stock Up 4.4%

Shares of NYSE:ECG opened at $79.14 on Thursday. The business has a 50-day moving average price of $66.62 and a 200 day moving average price of $54.04. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $4.04 billion and a price-to-earnings ratio of 24.43. Everus Construction Group, Inc. has a 12-month low of $31.38 and a 12-month high of $90.00.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.42. The firm had revenue of $921.47 million during the quarter, compared to the consensus estimate of $749.12 million. Everus Construction Group had a return on equity of 37.22% and a net margin of 5.07%. The firm’s revenue was up 31.0% compared to the same quarter last year. Sell-side analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Everus Construction Group Profile

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.