Illinois Municipal Retirement Fund Takes $2.29 Million Position in Everus (NYSE:ECG)

Illinois Municipal Retirement Fund purchased a new position in shares of Everus (NYSE:ECG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,820 shares of the company’s stock, valued at approximately $2,289,000. Illinois Municipal Retirement Fund owned 0.07% of Everus as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Yousif Capital Management LLC acquired a new stake in shares of Everus during the 4th quarter valued at $1,326,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Everus during the fourth quarter worth $1,272,000. Register Financial Advisors LLC purchased a new stake in shares of Everus during the fourth quarter worth $3,167,000. Principal Financial Group Inc. acquired a new stake in Everus during the fourth quarter valued at $16,241,000. Finally, SG Americas Securities LLC purchased a new position in Everus in the fourth quarter valued at about $669,000.

Insider Activity at Everus

In other Everus news, Director Rocca Michael Della bought 1,050 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 3,750 shares of company stock worth $153,853.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ECG shares. DA Davidson began coverage on Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price target for the company. Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their target price on shares of Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Wolfe Research initiated coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock.

Everus Price Performance

Shares of NYSE ECG opened at $41.88 on Friday. The firm’s 50-day moving average is $63.72. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a 52 week low of $37.84 and a 52 week high of $77.93.

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

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.