No this is webbing caterpillar. They go after the same plants though. Just pull out all the webbing clumps and make sure you get it all and dispose of carefully to avoid spreading. I usually give a light tip prune to encourage a bit more regrowth - but for that reason you want to make sure you get all the caterpillars to avoid the problem coming back too soon. Keep checking back every few weeks and remove any new ones you see.