New York State Teachers Retirement System Sells 5,459 Shares of Everus Construction Group, Inc. $ECG

New York State Teachers Retirement System decreased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 9.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,650 shares of the company’s stock after selling 5,459 shares during the period. New York State Teachers Retirement System’s holdings in Everus Construction Group were worth $6,334,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sierra Summit Advisors LLC lifted its stake in Everus Construction Group by 2.6% in the first quarter. Sierra Summit Advisors LLC now owns 9,685 shares of the company’s stock worth $1,143,000 after purchasing an additional 242 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Everus Construction Group by 7.5% during the first quarter. Private Advisor Group LLC now owns 21,106 shares of the company’s stock valued at $2,492,000 after buying an additional 1,469 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Everus Construction Group by 6.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 29,541 shares of the company’s stock worth $3,488,000 after buying an additional 1,796 shares during the period. Root Financial Partners LLC increased its holdings in shares of Everus Construction Group by 126.0% in the first quarter. Root Financial Partners LLC now owns 217 shares of the company’s stock worth $26,000 after buying an additional 121 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in shares of Everus Construction Group by 6.5% in the 1st quarter. Apollon Wealth Management LLC now owns 4,690 shares of the company’s stock valued at $554,000 after acquiring an additional 285 shares during the last quarter.

Everus Construction Group Trading Down 7.1%

NYSE ECG opened at $133.72 on Wednesday. Everus Construction Group, Inc. has a fifty-two week low of $62.92 and a fifty-two week high of $171.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.71 and a current ratio of 1.77. The stock has a 50 day simple moving average of $152.02 and a two-hundred day simple moving average of $122.55. The stock has a market cap of $6.82 billion, a P/E ratio of 30.67 and a beta of 2.23.

Everus Construction Group (NYSE:ECG) last posted its earnings results on Tuesday, May 5th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.33. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $933.81 million. Everus Construction Group had a return on equity of 37.17% and a net margin of 5.65%.The business’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. On average, analysts forecast that Everus Construction Group, Inc. will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ECG shares. Glj Research began coverage on Everus Construction Group in a research report on Monday, April 20th. They set a “hold” rating and a $141.00 price target on the stock. Oppenheimer initiated coverage on Everus Construction Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $185.00 price objective for the company. Weiss Ratings raised Everus Construction Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Stifel Nicolaus set a $172.00 target price on shares of Everus Construction Group in a report on Friday, May 8th. Finally, Guggenheim upgraded shares of Everus Construction Group from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

About Everus Construction Group

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.