Public Employees Retirement System of Ohio Buys Shares of 29,455 Everus Construction Group, Inc. $ECG

Public Employees Retirement System of Ohio bought a new stake in Everus Construction Group, Inc. (NYSE:ECG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,455 shares of the company’s stock, valued at approximately $4,888,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in Everus Construction Group by 109.9% in the first quarter. First Trust Advisors LP now owns 1,280,916 shares of the company’s stock valued at $151,225,000 after acquiring an additional 670,646 shares in the last quarter. Fifth Third Bancorp grew its holdings in Everus Construction Group by 9,475.7% during the 1st quarter. Fifth Third Bancorp now owns 32,653 shares of the company’s stock worth $3,855,000 after acquiring an additional 32,312 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in Everus Construction Group during the 4th quarter worth $393,000. GSA Capital Partners LLP bought a new stake in shares of Everus Construction Group in the 4th quarter worth about $924,000. Finally, Sierra Summit Advisors LLC bought a new stake in shares of Everus Construction Group in the 4th quarter worth about $808,000.

Everus Construction Group Trading Down 1.0%

NYSE ECG opened at $112.51 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.59. Everus Construction Group, Inc. has a one year low of $73.00 and a one year high of $171.58. The company has a 50-day simple moving average of $133.48 and a 200-day simple moving average of $133.83. The firm has a market capitalization of $5.75 billion, a PE ratio of 22.64 and a beta of 2.29.

Everus Construction Group (NYSE:ECG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.50. Everus Construction Group had a net margin of 5.96% and a return on equity of 38.22%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. Everus Construction Group’s quarterly revenue was up 33.7% on a year-over-year basis. On average, equities analysts forecast that Everus Construction Group, Inc. will post 5.25 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on ECG shares. DA Davidson began coverage on shares of Everus Construction Group in a research report on Friday, August 21st. They set a “buy” rating and a $168.00 price target on the stock. Cantor Fitzgerald lowered their price objective on Everus Construction Group from $174.00 to $152.00 and set a “neutral” rating for the company in a report on Thursday, August 13th. Guggenheim upped their price objective on Everus Construction Group from $160.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $172.00 target price on Everus Construction Group in a report on Friday, May 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price on shares of Everus Construction Group in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.50.

Insider Activity at Everus Construction Group

In other news, Director David M. Sparby acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $144.95 per share, for a total transaction of $144,950.00. Following the transaction, the director directly owned 19,658 shares in the company, valued at $2,849,427.10. This trade represents a 5.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul R. Sanderson sold 3,300 shares of Everus Construction Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $136.69, for a total value of $451,077.00. Following the sale, the vice president directly owned 18,950 shares in the company, valued at approximately $2,590,275.50. This trade represents a 14.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is currently owned by corporate insiders.

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.