Public Employees Retirement System of Ohio Buys Shares of 17,441 Everus (NYSE:ECG)

Public Employees Retirement System of Ohio purchased a new position in Everus (NYSE:ECG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,441 shares of the company’s stock, valued at approximately $1,147,000.

A number of other institutional investors also recently made changes to their positions in the stock. SRS Capital Advisors Inc. acquired a new position in Everus in the 4th quarter valued at about $26,000. Principal Securities Inc. purchased a new stake in shares of Everus in the fourth quarter valued at $27,000. HighMark Wealth Management LLC purchased a new stake in shares of Everus in the fourth quarter valued at $28,000. Quarry LP acquired a new position in Everus in the fourth quarter valued at $36,000. Finally, Blue Trust Inc. purchased a new position in Everus during the fourth quarter worth about $38,000.

Everus Price Performance

NYSE ECG opened at $60.25 on Wednesday. The business’s 50-day simple moving average is $45.76 and its 200-day simple moving average is $54.36. Everus has a 1-year low of $31.38 and a 1-year high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to analysts’ expectations of $676.35 million. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, research analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ECG shares. DA Davidson increased their price objective on shares of Everus from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Stifel Nicolaus increased their price target on shares of Everus from $55.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 16th.

Everus 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.