Public Employees Retirement System of Ohio Takes $1.15 Million Position in Everus (NYSE:ECG)

Public Employees Retirement System of Ohio acquired a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,441 shares of the company's stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new position in Everus in the 4th quarter valued at $26,000. Principal Securities Inc. acquired a new position in Everus in the 4th quarter valued at $27,000. HighMark Wealth Management LLC acquired a new position in Everus in the 4th quarter valued at $28,000. Quarry LP acquired a new position in Everus in the 4th quarter valued at $36,000. Finally, Blue Trust Inc. acquired a new position in Everus in the 4th quarter valued at $38,000.

Everus Price Performance

Shares of ECG traded up $0.58 during trading hours on Thursday, hitting $60.36. 267,141 shares of the company were exchanged, compared to its average volume of 720,966. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The firm's fifty day moving average is $46.24 and its 200 day moving average is $54.40.

Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to the consensus estimate of $676.35 million. The business's quarterly revenue was up 32.1% on a year-over-year basis. On average, equities analysts predict that Everus will post 2.49 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on ECG shares. Stifel Nicolaus increased their target price on Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, May 16th. DA Davidson increased their target price on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th.

Everus 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.