Maryland State Retirement & Pension System Takes $1.31 Million Position in Everus (NYSE:ECG)

Maryland State Retirement & Pension System bought a new stake in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,982 shares of the company's stock, valued at approximately $1,314,000.

Several other large investors have also added to or reduced their stakes in the stock. Forza Wealth Management LLC bought a new stake in Everus during the 4th quarter valued at approximately $336,000. Mendota Financial Group LLC bought a new stake in Everus during the fourth quarter worth about $36,000. SeaCrest Wealth Management LLC purchased a new stake in Everus in the fourth quarter worth about $292,000. Hennessy Advisors Inc. bought a new position in shares of Everus during the fourth quarter valued at approximately $31,611,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in shares of Everus during the fourth quarter valued at approximately $472,000.

Everus Trading Down 4.4 %

ECG traded down $1.69 during trading on Wednesday, reaching $36.89. 545,863 shares of the company traded hands, compared to its average volume of 711,953. Everus has a 12-month low of $36.28 and a 12-month high of $77.93. The business's fifty day simple moving average is $53.27. 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 (NYSE:ECG - Get Free Report) last released its quarterly earnings data 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). On average, equities analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rocca Michael Della bought 1,050 shares of Everus stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, the director now owns 2,027 shares of the company's stock, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 3,750 shares of company stock valued at $153,853 over the last ninety days.

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.