Teacher Retirement System of Texas Purchases New Holdings in Everus (NYSE:ECG)

Teacher Retirement System of Texas purchased a new position in shares of Everus (NYSE:ECG) during the fourth quarter, Holdings Channel reports. The firm purchased 75,161 shares of the company’s stock, valued at approximately $4,942,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. acquired a new stake in shares of Everus during the 4th quarter worth $31,611,000. US Bancorp DE bought a new stake in Everus during the fourth quarter worth about $28,332,000. Charles Schwab Investment Management Inc. acquired a new stake in Everus during the fourth quarter worth about $27,031,000. Principal Financial Group Inc. bought a new position in Everus in the 4th quarter valued at about $16,241,000. Finally, Swiss National Bank acquired a new position in shares of Everus in the 4th quarter valued at approximately $6,266,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ECG shares. Stifel Nicolaus decreased their price objective on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Wolfe Research began coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company.

Everus Trading Down 2.2 %

ECG stock opened at $39.32 on Monday. 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 stock’s 50 day moving average is $54.38. Everus has a 1 year low of $36.96 and a 1 year 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 the consensus estimate of $0.73 by ($0.06). Research analysts forecast that Everus will post 2.49 EPS for the current fiscal year.

Insider Buying and Selling at Everus

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rocca Michael Della purchased 1,050 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the acquisition, the director now owns 2,027 shares of the company’s stock, valued at $96,404.12. This trade represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 3,750 shares of company stock worth $153,853.

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.