Maryland State Retirement & Pension System Buys New Stake in Everus (NYSE:ECG)

Maryland State Retirement & Pension System bought a new stake in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,982 shares of the company’s stock, valued at approximately $1,314,000.

Several other institutional investors have also recently added to or reduced their stakes in ECG. Forza Wealth Management LLC purchased a new position in Everus in the 4th quarter valued at approximately $336,000. Mendota Financial Group LLC purchased a new position in Everus in the 4th quarter valued at approximately $36,000. SeaCrest Wealth Management LLC purchased a new position in Everus in the 4th quarter valued at approximately $292,000. Hennessy Advisors Inc. purchased a new position in Everus in the 4th quarter valued at approximately $31,611,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in Everus in the 4th quarter valued at approximately $472,000.

Everus Stock Down 2.2 %

Everus stock opened at $39.32 on Friday. The stock’s fifty day moving average price is $54.38. Everus has a 12-month low of $36.96 and a 12-month high of $77.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Everus (NYSE:ECG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, equities research analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Oppenheimer raised their price target on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, February 13th.

Insider Activity at Everus

In related news, Director Rocca Michael Della purchased 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $47.56 per share, with a total value of $49,938.00. Following the completion of the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the transaction, the director now owns 14,928 shares of the company’s stock, valued at $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,750 shares of company stock valued at $153,853 over the last ninety days.

Everus 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.