Everus Construction Group sees shifts in institutional holdings

Institutional investors have recently adjusted their positions in Everus Construction Group, Inc. (NYSE: ECG). According to SEC filings, Handelsbanken Fonder AB reduced its holdings by 48.2% during the second quarter, leaving the firm with 97,983 shares valued at approximately $16,260,000.

In a separate filing, Royal Bank of Canada decreased its stake in the company by 33.8% during the first quarter, reducing its position to 41,709 shares worth roughly $4,925,000.

Other institutional activity includes Geneos Wealth Management Inc. increasing its position by 105.3% in the second quarter, and Root Financial Partners LLC boosting its holdings by 126% in the first quarter. Regarding market outlook, Oppenheimer reiterated an ‘outperform’ rating for ECG with a $200.00 target price, while Guggenheim raised its target price to $184.00.