Everus Construction Group, Inc. (NYSE:ECG) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,256 shares of the company's stock after acquiring an additional 35,095 shares during the period. Teacher Retirement System of Texas owned 0.22% of Everus Construction Group worth $4,089,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tompkins Financial Corp acquired a new position in Everus Construction Group during the 1st quarter valued at about $25,000. GAMMA Investing LLC increased its position in Everus Construction Group by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company's stock valued at $27,000 after buying an additional 538 shares in the last quarter. Quarry LP acquired a new position in Everus Construction Group during the 4th quarter valued at about $36,000. Bangor Savings Bank acquired a new position in Everus Construction Group during the 1st quarter valued at about $36,000. Finally, Garde Capital Inc. acquired a new position in Everus Construction Group during the 1st quarter valued at about $38,000.

Everus Construction Group Trading Up 2.5%

Shares of ECG stock traded up $1.66 during mid-day trading on Friday, reaching $69.00. The stock had a trading volume of 294,707 shares, compared to its average volume of 667,279. The business's fifty day moving average is $58.73 and its 200-day moving average is $53.74. The company has a quick ratio of 1.69, a current ratio of 1.78 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.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ECG. Stifel Nicolaus upped their target price on Everus Construction Group from $71.00 to $83.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson increased their price objective on Everus Construction Group from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th.

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.