California Public Employees Retirement System Invests $5.52 Million in Everus (NYSE:ECG)

California Public Employees Retirement System bought a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 83,988 shares of the company's stock, valued at approximately $5,522,000. California Public Employees Retirement System owned 0.16% of Everus as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. purchased a new position in shares of Everus in the 4th quarter worth $26,000. Principal Securities Inc. purchased a new position in shares of Everus in the 4th quarter worth about $27,000. HighMark Wealth Management LLC acquired a new position in shares of Everus in the 4th quarter valued at about $28,000. Crews Bank & Trust acquired a new stake in Everus during the 4th quarter worth approximately $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus in the fourth quarter valued at approximately $36,000.

Insider Transactions at Everus

In related news, Director Rocca Michael Della purchased 1,050 shares of Everus stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the transaction, the director now directly owns 2,027 shares of the company's stock, valued at approximately $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the completion of the purchase, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at $214,756.92. The trade was a 30.89 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,750 shares of company stock valued at $153,853 over the last quarter.

Everus Stock Up 1.3 %

Everus stock traded up $0.48 during mid-day trading on Friday, hitting $38.45. 742,506 shares of the company's stock traded hands, compared to its average volume of 748,768. The company has a 50 day moving average price of $43.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a one year low of $31.38 and a one year high of $77.93.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). As a group, research analysts forecast that Everus will post 2.49 EPS for the current year.

Analysts Set New Price Targets

ECG has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on Everus from $67.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday. Oppenheimer lifted their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th.

About Everus

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.