Illinois Municipal Retirement Fund Invests $2.29 Million in Everus (NYSE:ECG)

Illinois Municipal Retirement Fund bought a new position in shares of Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 34,820 shares of the company’s stock, valued at approximately $2,289,000.

Several other institutional investors have also bought and sold shares of ECG. Yousif Capital Management LLC acquired a new position in Everus during the fourth quarter worth $1,326,000. Cascade Investment Advisors Inc. bought a new stake in shares of Everus in the 4th quarter worth about $1,272,000. Register Financial Advisors LLC acquired a new stake in shares of Everus during the 4th quarter worth about $3,167,000. Principal Financial Group Inc. bought a new position in Everus during the 4th quarter valued at about $16,241,000. Finally, SG Americas Securities LLC acquired a new position in Everus in the fourth quarter valued at about $669,000.

Insider Activity

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the completion of the purchase, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This represents a 107.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward A. Ryan acquired 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company’s stock, valued at $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 3,750 shares of company stock valued at $153,853 over the last 90 days.

Everus Trading Down 6.9 %

Shares of ECG stock opened at $41.88 on Friday. Everus has a 1 year low of $37.84 and a 1 year high of $77.93. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $63.72.

Everus (NYSE:ECG) last posted 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). Equities research analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ECG has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. DA Davidson started coverage on Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 price target for the company. Stifel Nicolaus reduced their price objective on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Wolfe Research began coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock.

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.