Louisiana State Employees Retirement System Buys New Stake in Everus Construction Group, Inc. (NYSE:ECG)

Louisiana State Employees Retirement System bought a new stake in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,000 shares of the company's stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ECG. Vanguard Group Inc. acquired a new stake in shares of Everus Construction Group in the 4th quarter worth approximately $365,965,000. Dimensional Fund Advisors LP acquired a new stake in Everus Construction Group during the fourth quarter valued at approximately $120,578,000. Invesco Ltd. acquired a new stake in Everus Construction Group during the fourth quarter valued at approximately $65,337,000. Alliancebernstein L.P. acquired a new stake in Everus Construction Group during the fourth quarter valued at approximately $53,131,000. Finally, American Century Companies Inc. acquired a new stake in Everus Construction Group during the fourth quarter valued at approximately $49,650,000.

Everus Construction Group Stock Performance

Everus Construction Group stock traded up $0.10 during mid-day trading on Monday, hitting $69.27. 129,672 shares of the company's stock were exchanged, compared to its average volume of 644,018. The company has a current ratio of 1.78, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. Everus Construction Group, Inc. has a 1-year low of $31.38 and a 1-year high of $77.93. The stock has a 50 day moving average of $61.43 and a two-hundred day moving average of $53.53.

Everus Construction Group (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.43 by $0.29. The firm had revenue of $826.63 million for the quarter, compared to the consensus estimate of $676.35 million. Everus Construction Group had a net margin of 4.98% and a return on equity of 33.27%. Everus Construction Group's revenue was up 32.1% compared to the same quarter last year. On average, equities analysts expect that Everus Construction Group, Inc. will post 2.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ECG. Wall Street Zen lowered shares of Everus Construction Group from a "buy" rating to a "hold" rating in a report on Friday. Stifel Nicolaus upped their price objective on shares of Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, July 11th. DA Davidson upped 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. Finally, Oppenheimer upped their price objective on shares of Everus Construction Group from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Everus Construction Group currently has a consensus rating of "Hold" and a consensus price target of $73.67.

Everus Construction Group 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.