Oppenheimer Raises its Price Target on Everus Construction (ECG) to $180

Everus Construction Group, Inc. (NYSE:ECG) is one of the 10 Best Construction Stocks for Data Center Infrastructure.

On May 7, 2026, Oppenheimer raised the firm’s price target on Everus Construction Group, Inc. (NYSE:ECG) to $180 from $120 and maintained an Outperform rating following quarterly results. The firm said management raised FY26 guidance amid strong Electrical & Mechanical backlog trends and the company’s recent acquisition activity.

On April 30, 2026, Guggenheim analyst Joseph Osha upgraded Everus Construction Group, Inc. (NYSE:ECG) to Buy from Neutral with a $160 price target ahead of the company’s Q1 earnings report. The firm said recent discussions with management and the previously announced SE&M acquisition increased confidence in the company’s margin improvement initiatives and acquisition execution capabilities.

Oppenheimer Raises its Price Target on Everus Construction (ECG) to $180

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Earlier in April, Everus Construction Group, Inc. (NYSE:ECG) announced the acquisition of SE&M Constructors, Inc., SE&M of the Triangle, Inc., and SECO Rentals. Founded in 1923 and headquartered in North Carolina, SE&M provides mechanical, electrical, and plumbing services across pharmaceutical, industrial, and healthcare markets. Approximately 65% of SE&M’s revenue comes from mechanical services, including advanced industrial construction projects requiring strict quality control standards. Everus said SE&M employs more than 200 skilled craft workers and generates recurring revenue through maintenance and retrofit services for existing facilities. The company acquired SE&M for $158M in cash, subject to closing adjustments, with an additional potential earnout payment of up to 8% of the purchase price tied to post-acquisition performance targets. In 2025, SE&M generated $109M in revenue with EBITDA margins in the high teens.

Everus Construction Group, Inc. (NYSE:ECG) provides contracting services across the United States through its Electrical & Mechanical and Transmission & Distribution segments.

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