New York State Common Retirement Fund Purchases Shares of 52,807 Everus (NYSE:ECG)

New York State Common Retirement Fund acquired a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,807 shares of the company's stock, valued at approximately $3,472,000. New York State Common Retirement Fund owned 0.10% of Everus at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of Everus in the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC bought a new stake in shares of Everus in the 4th quarter worth $28,000. Crews Bank & Trust purchased a new position in Everus in the 4th quarter worth about $29,000. Mendota Financial Group LLC bought a new position in Everus during the 4th quarter valued at about $36,000. Finally, Blue Trust Inc. purchased a new stake in shares of Everus during the 4th quarter valued at about $38,000.

Everus Trading Down 2.5 %

Shares of ECG traded down $0.99 during midday trading on Tuesday, hitting $38.31. The stock had a trading volume of 281,188 shares, compared to its average volume of 712,923. The company's 50 day moving average is $62.63. Everus has a 1 year low of $37.18 and a 1 year high of $77.93. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

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

Remove Ads

Analyst Ratings Changes

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

Insider Activity at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This trade represents a 10.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rocca Michael Della acquired 1,050 shares of the business's stock in a transaction dated 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 directly 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 a total of 3,750 shares of company stock valued at $153,853 over the last quarter.

About Everus

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.