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

New York State Common Retirement Fund purchased a new stake in Everus (NYSE:ECG) during the 4th quarter, Holdings Channel reports. The firm purchased 52,807 shares of the company’s stock, valued at approximately $3,472,000.

Other large investors also recently made changes to their positions in the company. Yousif Capital Management LLC acquired a new stake in shares of Everus in the fourth quarter valued at approximately $1,326,000. Cascade Investment Advisors Inc. bought a new position in shares of Everus in the fourth quarter valued at approximately $1,272,000. Register Financial Advisors LLC bought a new position in shares of Everus in the fourth quarter valued at approximately $3,167,000. Principal Financial Group Inc. bought a new position in shares of Everus in the fourth quarter valued at approximately $16,241,000. Finally, SG Americas Securities LLC bought a new position in shares of Everus in the fourth quarter valued at approximately $669,000.

Insider Buying and Selling

In other news, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now owns 14,928 shares in the company, valued at $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rocca Michael Della bought 1,050 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now owns 2,027 shares in the company, valued at approximately $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,750 shares of company stock worth $153,853.

Everus Stock Performance

Shares of NYSE:ECG opened at $41.77 on Friday. Everus has a 1-year low of $37.84 and a 1-year high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business’s 50 day simple moving average is $63.72.

Everus (NYSE:ECG) last issued its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). Sell-side analysts predict that Everus will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

ECG has been the subject of several recent analyst reports. 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 report on Thursday, February 13th. Wolfe Research initiated coverage on shares of Everus in a report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Oppenheimer increased their price objective on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, DA Davidson assumed coverage on shares of Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 target price for the company.

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.