10,882 Shares in Everus (NYSE:ECG) Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Everus (NYSE:ECG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,882 shares of the company’s stock, valued at approximately $715,000.

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

Insider Activity

In related news, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the transaction, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, the director now directly owns 2,027 shares of the company’s stock, valued at $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. Over the last three months, insiders have acquired 3,750 shares of company stock valued at $153,853.

Everus Stock Performance

ECG stock opened at $36.89 on Thursday. The company has a 50-day moving average price of $52.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a 12-month low of $36.28 and a 12-month high of $77.93.

Everus (NYSE:ECG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). Equities research analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ECG. Wolfe Research initiated coverage on shares of Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer lifted their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their target price on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, February 13th.

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.