Teacher Retirement System of Texas Acquires New Stake in Everus (NYSE:ECG)

Teacher Retirement System of Texas bought a new position in shares of Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 75,161 shares of the company’s stock, valued at approximately $4,942,000. Teacher Retirement System of Texas owned approximately 0.15% of Everus at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ECG. Hennessy Advisors Inc. acquired a new position in shares of Everus during the fourth quarter worth about $31,611,000. US Bancorp DE acquired a new position in Everus during the 4th quarter worth approximately $28,332,000. Charles Schwab Investment Management Inc. bought a new position in shares of Everus during the 4th quarter worth approximately $27,031,000. Principal Financial Group Inc. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $16,241,000. Finally, Swiss National Bank bought a new stake in shares of Everus in the fourth quarter worth $6,266,000.

Everus Stock Down 2.2 %

NYSE ECG opened at $39.32 on Monday. 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 stock’s fifty day moving average price is $54.38. Everus has a 1 year low of $36.96 and a 1 year high of $77.93.

Everus (NYSE:ECG) last issued its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

ECG has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Wolfe Research began coverage on Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Finally, Oppenheimer increased their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.

Insider Buying and Selling at Everus

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the purchase, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rocca Michael Della acquired 1,050 shares of Everus stock in a transaction on Tuesday, February 18th. The shares were bought 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 owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,750 shares of company stock worth $153,853 over the last 90 days.

About Everus

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.