Here’s Why Middle Coast Investing Added Everus Construction Group (ECG) to its Portfolio

Soumya Eswaran

Wed, Apr 16, 2025, 7:20 AM 3 min read

Middle Coast Investing, an investment advisor firm, released its first-quarter investor letter. A copy of the letter can be downloaded here. Middle Coast Investing had a difficult but manageable first quarter, but everyone has suffered since the Liberation Day crash at the beginning of the second quarter. To manage the volatility, the firm decided to increase cash goal levels by roughly 5% for each portfolio. In the quarter, the firm sold 3% more than it bought. In Q1 2025, the US Portfolios returned -3.7% compared to -4.6% for the S&P 500. It’s Core U.S. portfolios returned -0.7% while Russell 2000 returned -9.8%, S&P 600 returned -9.3% and Nasdaq generated -10.4% for the same period. However, its European Portfolios appreciated by 9.2%. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first quarter 2025 investor letter, Middle Coast Investing emphasized stocks such as Everus Construction Group, Inc. (NYSE:ECG). Everus Construction Group, Inc. (NYSE:ECG) is a US based contracting services provider. The one-month return of Everus Construction Group, Inc. (NYSE:ECG) was 2.26%, and YTD its shares lost 41.38% of their value. On April 15, 2025, Everus Construction Group, Inc. (NYSE:ECG) stock closed at $38.54 per share with a market capitalization of $1.966 billion.

Middle Coast Investing stated the following regarding Everus Construction Group, Inc. (NYSE:ECG) in its Q1 2025 investor letter:

"Everus Construction Group, Inc. (NYSE:ECG) – I mentioned this briefly last quarter. We had a small position in a spin-off from MDU Resources, a utility company, and sold that position not long into Q1 at $70/share. The stock dived after its earnings report underwhelmed the market, and then further due to sector worries. We bought between $39 and $48, and the stock finished the quarter at $37.09.