Everus Construction Group, Inc. $ECG Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in Everus Construction Group, Inc. (NYSE:ECG) by 22.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,696 shares of the company’s stock after acquiring an additional 55,518 shares during the quarter. Teacher Retirement System of Texas’ holdings in Everus Construction Group were worth $25,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in Everus Construction Group by 105.3% in the second quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Everus Construction Group by 91.6% during the 2nd quarter. Signaturefd LLC now owns 435 shares of the company’s stock valued at $28,000 after buying an additional 208 shares during the last quarter. Country Trust Bank bought a new stake in shares of Everus Construction Group in the 2nd quarter valued at approximately $31,000. Salomon & Ludwin LLC acquired a new position in Everus Construction Group in the third quarter worth approximately $33,000. Finally, GHP Investment Advisors Inc. bought a new position in Everus Construction Group during the second quarter valued at approximately $37,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ECG shares. Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen raised Everus Construction Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald began coverage on Everus Construction Group in a report on Friday. They set a “neutral” rating and a $97.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.50.

Everus Construction Group Stock Down 1.0%

Everus Construction Group stock opened at $91.10 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.69. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $103.08. The firm has a fifty day moving average price of $89.30 and a two-hundred day moving average price of $83.34. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 25.81 and a beta of 3.84.

Everus Construction Group (NYSE:ECG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.49. Everus Construction Group had a return on equity of 36.74% and a net margin of 5.18%.The company had revenue of $986.82 million for the quarter, compared to the consensus estimate of $830.60 million. During the same period last year, the business posted $0.82 earnings per share. The firm’s revenue was up 29.7% compared to the same quarter last year. As a group, analysts forecast that Everus Construction Group, Inc. will post 2.49 earnings per share for the current year.

Everus Construction Group 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. Everus Construction Group is based in BISMARCK, N.D.