Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $715,000 in Everus (NYSE:ECG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,882 shares of the company's stock, valued at approximately $715,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ECG. SRS Capital Advisors Inc. acquired a new stake in shares of Everus in the 4th quarter worth $26,000. Principal Securities Inc. acquired a new stake in Everus during the fourth quarter worth about $27,000. HighMark Wealth Management LLC purchased a new position in Everus during the fourth quarter worth about $28,000. Crews Bank & Trust purchased a new position in Everus during the fourth quarter worth about $29,000. Finally, Mendota Financial Group LLC acquired a new position in Everus in the 4th quarter valued at about $36,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of Everus in a report on Tuesday, December 3rd. They set a "peer perform" rating for the company. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price target on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th.

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Insider Activity at Everus

In other news, Director Edward A. Ryan bought 1,400 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $38.02 per share, with a total value of $53,228.00. Following the transaction, the director now directly owns 14,928 shares in the company, valued at $567,562.56. The trade was a 10.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the purchase, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 3,750 shares of company stock worth $153,853.

Everus Price Performance

Shares of Everus stock traded up $1.14 on Friday, reaching $36.11. The company had a trading volume of 943,846 shares, compared to its average volume of 738,361. The business has a 50 day simple moving average of $51.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a 52-week low of $33.90 and a 52-week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). As a group, equities research analysts expect that Everus will post 2.49 earnings per share for the current year.

Everus Profile

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.