Everus Construction Group, Inc. $ECG Shares Sold by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System reduced its stake in Everus Construction Group, Inc. by 4.6%, owning approximately $3.7 million in shares after selling 2,783 shares.
• Everus Construction Group reported $1.03 earnings per share for the last quarter, exceeding analysts' expectations of $0.61, and its revenue was up 31.0% year over year.
• Analysts have given Everus Construction Group a consensus rating of "Moderate Buy" with a consensus price target of $90.67.

New York State Teachers Retirement System lowered its stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 4.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,010 shares of the company's stock after selling 2,783 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Everus Construction Group worth $3,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC boosted its position in Everus Construction Group by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 19,077 shares of the company's stock valued at $1,212,000 after purchasing an additional 215 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Everus Construction Group during the 2nd quarter valued at approximately $273,000. Vanguard Personalized Indexing Management LLC acquired a new position in Everus Construction Group during the 2nd quarter valued at approximately $274,000. Apollon Wealth Management LLC acquired a new position in Everus Construction Group during the 2nd quarter valued at approximately $283,000. Finally, Cascade Investment Group Inc. acquired a new position in Everus Construction Group during the 2nd quarter valued at approximately $318,000.

Everus Construction Group Trading Up 3.0%

Shares of ECG stock opened at $91.13 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.69 and a current ratio of 1.77. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $91.72. The stock has a fifty day moving average of $80.42 and a two-hundred day moving average of $65.22. The firm has a market capitalization of $4.65 billion and a PE ratio of 28.13.

Everus Construction Group (NYSE:ECG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.42. The company had revenue of $921.47 million during the quarter, compared to analyst estimates of $749.12 million. Everus Construction Group had a return on equity of 35.83% and a net margin of 5.07%.The company's revenue for the quarter was up 31.0% compared to the same quarter last year. Everus Construction Group has set its FY 2025 guidance at EPS. As a group, research analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ECG shares. Zacks Research upgraded Everus Construction Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Oppenheimer set a $90.00 price objective on Everus Construction Group and gave the company an "outperform" rating in a research report on Tuesday, October 7th. DA Davidson boosted their price target on Everus Construction Group from $68.00 to $88.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Stifel Nicolaus boosted their price target on Everus Construction Group from $88.00 to $94.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Everus Construction Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.67.

Everus Construction Group 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.

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