Teacher Retirement System of Texas Makes New Investment in Everus (NYSE:ECG)

Teacher Retirement System of Texas purchased a new position in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 75,161 shares of the company's stock, valued at approximately $4,942,000. Teacher Retirement System of Texas owned approximately 0.15% of Everus as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ECG. SRS Capital Advisors Inc. acquired a new position in Everus during the 4th quarter worth $26,000. Principal Securities Inc. acquired a new stake in Everus in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC purchased a new position in Everus in the fourth quarter worth approximately $28,000. Crews Bank & Trust acquired a new position in Everus during the 4th quarter worth approximately $29,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Everus in the 4th quarter valued at approximately $36,000.

Insider Buying and Selling at Everus

In other news, Director Rocca Michael Della bought 1,050 shares of Everus stock in a transaction dated Tuesday, February 18th. The stock was bought 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. The trade was a 107.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward A. Ryan purchased 1,400 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 3,750 shares of company stock worth $153,853.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ECG shares. Stifel Nicolaus decreased their price objective on shares of Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Wolfe Research started coverage on Everus in a report on Tuesday, December 3rd. They issued a "peer perform" rating on the stock. Finally, Oppenheimer boosted 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.

Everus Stock Performance

Shares of Everus stock traded down $1.88 during trading on Thursday, reaching $34.99. The company's stock had a trading volume of 801,729 shares, compared to its average volume of 710,921. The stock has a 50-day moving average price of $52.60. 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 fifty-two week low of $34.47 and a fifty-two 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 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). As a group, equities analysts forecast that Everus will post 2.49 earnings per share 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.