Teacher Retirement System of Texas Has $4.09 Million Position in Everus Construction Group, Inc. (NYSE:ECG)

Teacher Retirement System of Texas lifted its stake in Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 46.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,256 shares of the company's stock after purchasing 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.

A number of other hedge funds and other institutional investors have also modified their holdings of ECG. Steward Partners Investment Advisory LLC acquired a new stake in shares of Everus Construction Group in the fourth quarter valued at approximately $84,000. Charles Schwab Investment Management Inc. bought a new position in Everus Construction Group in the fourth quarter valued at approximately $27,031,000. Victory Capital Management Inc. acquired a new stake in Everus Construction Group during the 4th quarter worth $797,000. Ashton Thomas Private Wealth LLC acquired a new stake in Everus Construction Group during the 4th quarter worth $248,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Everus Construction Group during the 4th quarter worth $454,000.

Wall Street Analyst Weigh In

A number of analysts have commented on ECG shares. Stifel Nicolaus lifted their target price on shares of Everus Construction Group from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, May 16th. DA Davidson lifted their target price on shares of Everus Construction Group from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th.

Everus Construction Group Price Performance

Shares of NYSE ECG opened at $64.35 on Tuesday. The company's fifty day moving average is $57.21 and its 200-day moving average is $53.57. Everus Construction Group, Inc. has a twelve month low of $31.38 and a twelve month high of $77.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.69.

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

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.

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