New York State Teachers Retirement System Sells 5,459 Shares of Everus Construction Group, Inc. $ECG

New York State Teachers Retirement System cut its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,650 shares of the company’s stock after selling 5,459 shares during the period. New York State Teachers Retirement System owned 0.11% of Everus Construction Group worth $6,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP purchased a new position in Everus Construction Group during the fourth quarter valued at approximately $184,838,000. Capital International Investors bought a new position in Everus Construction Group in the 3rd quarter valued at $165,993,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Everus Construction Group by 147,209.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,260,973 shares of the company’s stock valued at $107,889,000 after purchasing an additional 1,260,117 shares during the period. Invesco Ltd. grew its position in shares of Everus Construction Group by 86.4% during the 3rd quarter. Invesco Ltd. now owns 1,795,730 shares of the company’s stock valued at $153,984,000 after purchasing an additional 832,389 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Everus Construction Group by 162.2% during the 4th quarter. Millennium Management LLC now owns 642,250 shares of the company’s stock valued at $54,951,000 after purchasing an additional 397,268 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ECG. Glj Research started coverage on Everus Construction Group in a research report on Monday, April 20th. They issued a “hold” rating and a $141.00 price objective on the stock. Guggenheim upgraded Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Zacks Research raised Everus Construction Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Freedom Capital lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald upped their price objective on shares of Everus Construction Group from $115.00 to $174.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.67.

Everus Construction Group Stock Down 7.1%

Shares of NYSE:ECG opened at $133.72 on Wednesday. The firm has a market capitalization of $6.82 billion, a PE ratio of 30.67 and a beta of 2.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. Everus Construction Group, Inc. has a 52-week low of $62.92 and a 52-week high of $171.58. The firm has a fifty day moving average of $152.02 and a 200 day moving average of $122.55.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.33. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $933.81 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that Everus Construction Group, Inc. will post 4.39 EPS for the current fiscal year.

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