Managed Asset Portfolios Reduces ECG Holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: NASDAQ.COM
- Transaction Overview: Managed Asset Portfolios sold 120,214 shares of ECG in Q4, with an estimated transaction value of $10.76 million, reflecting the fund's risk management strategy amid market fluctuations.
- Position Value Change: Post-transaction, the fund's ECG holdings decreased to 149,465 shares valued at $12.79 million, a $10.34 million drop from the previous quarter, highlighting the impact of market price movements on asset allocation.
- Market Performance Analysis: As of January 28, ECG shares were priced at $93.75, up 37.9% year-over-year, significantly outperforming the S&P 500 by 22.89 percentage points, indicating strong performance in infrastructure investments.
- Future Outlook and Strategy: Everus delivered nearly 30% revenue growth and 37% EBITDA growth in Q3, with management raising the full-year 2025 revenue guidance to up to $3.65 billion, showcasing the company's robust growth potential in the infrastructure market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ECG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ECG
Wall Street analysts forecast ECG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ECG is 100.33 USD with a low forecast of 94.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 92.030
Low
94.00
Averages
100.33
High
105.00
Current: 92.030
Low
94.00
Averages
100.33
High
105.00
About ECG
Everus Construction Group, Inc. is a construction solutions provider offering specialty contracting services to a set of end markets across the United States. Its segments are Electrical & Mechanical (E&M) and Transmission & Distribution (T&D). Its E&M segment offers a variety of specialty contracting services, including construction and maintenance of electrical and communication wiring, fire suppression systems, and mechanical piping and services to customers in both the public and private sectors. Its T&D segment specializes in transmission and distribution construction and offers a set of specialty contracting services, including the construction and maintenance of overhead and underground electrical, gas and communication infrastructure. The T&D segment also designs, manufactures, sells and rents overhead and underground line-stringing equipment and tools. This segment also provides solutions for excavation and underground boring, substations, signals and lighting, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Everus Construction Group to Release Q4 and Full-Year 2025 Results
- Earnings Release Schedule: Everus Construction Group will issue its fourth quarter and full-year 2025 financial results after the market closes on February 24, providing investors with critical financial data and performance insights.
- Webcast Details: Company leadership will host a webcast on February 25 at 10:30 a.m. EST to review financial results and conduct a Q&A session, enhancing engagement with investors.
- Registration Recommendation: The company advises participants to register at least 15 minutes prior to the event to ensure audio compatibility, thereby improving the overall experience and information delivery during the webcast.
- Service Scope Overview: Everus Construction Group offers a full spectrum of construction services, including electrical, mechanical, and transmission and distribution contracting, serving utility, transportation, commercial, and renewable energy sectors, showcasing its extensive influence in the U.S. construction industry.
Continue Reading
Managed Asset Portfolios Sells Shares of Everus Construction Group
- Share Sale Details: Managed Asset Portfolios disclosed the sale of 120,214 shares of Everus Construction Group during Q4, valued at approximately $10.76 million, reducing its stake from 2.9% to 1.54% of the fund's assets.
- Impact of Position Change: This transaction resulted in a net position change of $10.34 million, indicating a strategic adjustment in risk management as the fund recalibrates its exposure to Everus.
- Strong Company Performance: Everus reported nearly 30% year-over-year revenue growth in its latest Q3, with EBITDA up 37% and a backlog of approximately $2.95 billion, prompting management to raise full-year 2025 revenue guidance to $3.65 billion.
- Market Performance Analysis: The stock has risen nearly 38% over the past year, significantly outperforming the S&P 500, and the fund's decision to trim its position is viewed as a risk management strategy rather than a lack of confidence in Everus's prospects.
Continue Reading