Illinois Municipal Retirement Fund Has $1.02 Million Stock Position in Everus Construction Group, Inc. (NYSE:ECG)

Illinois Municipal Retirement Fund cut its stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 21.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,436 shares of the company's stock after selling 7,384 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Everus Construction Group worth $1,018,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. SRS Capital Advisors Inc. bought a new position in shares of Everus Construction Group during the fourth quarter worth approximately $26,000. GAMMA Investing LLC increased its stake in Everus Construction Group by 295.6% in the first quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after acquiring an additional 538 shares during the last quarter. Quarry LP bought a new position in Everus Construction Group in the fourth quarter valued at approximately $36,000. Nomura Asset Management Co. Ltd. bought a new position in Everus Construction Group in the fourth quarter valued at approximately $39,000. Finally, Tompkins Financial Corp bought a new position in Everus Construction Group in the first quarter valued at approximately $25,000.

Everus Construction Group Stock Up 1.7%

NYSE:ECG traded up $1.11 during mid-day trading on Friday, reaching $65.16. The stock had a trading volume of 155,084 shares, compared to its average volume of 675,982. Everus Construction Group, Inc. has a 12 month low of $31.38 and a 12 month high of $77.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.69 and a current ratio of 1.78. The stock has a 50-day simple moving average of $56.73 and a two-hundred day simple moving average of $53.67.

Everus Construction Group (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. The firm had revenue of $826.63 million for the quarter, compared to analyst estimates 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 Construction Group, Inc. will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Everus Construction Group from $55.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, May 16th. DA Davidson lifted their price objective on shares of Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th.

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.