Illinois Municipal Retirement Fund Makes New $2.29 Million Investment in Everus (NYSE:ECG)

Illinois Municipal Retirement Fund bought a new position in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 34,820 shares of the company's stock, valued at approximately $2,289,000. Illinois Municipal Retirement Fund owned 0.07% of Everus as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ECG. Amalgamated Bank purchased a new stake in Everus during the 4th quarter valued at about $1,043,000. Cohen Capital Management Inc. bought a new position in shares of Everus in the fourth quarter worth approximately $433,000. Wolverine Asset Management LLC purchased a new position in shares of Everus in the fourth quarter worth $1,710,000. ING Groep NV bought a new stake in Everus during the 4th quarter valued at $2,383,000. Finally, Private Advisor Group LLC bought a new stake in Everus during the 4th quarter valued at $1,192,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ECG shares. DA Davidson began coverage on shares of Everus in a research report on Monday, November 4th. They issued a "neutral" rating and a $55.00 price objective on the stock. Stifel Nicolaus reduced their price target on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wolfe Research initiated coverage on Everus in a report on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Finally, Oppenheimer upped their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th.

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Insider Buying and Selling at Everus

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

Everus Price Performance

ECG stock traded down $2.22 during trading on Monday, reaching $39.38. The company had a trading volume of 512,579 shares, compared to its average volume of 711,763. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 52 week low of $37.84 and a 52 week high of $77.93. The business's 50 day moving average price is $63.22.

Everus (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). On average, sell-side analysts forecast that Everus will post 2.49 EPS for the current year.

Everus Company 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.