New York State Common Retirement Fund Sells 7,600 Shares of Everus Construction Group, Inc. $ECG

New York State Common Retirement Fund trimmed its position in shares of Everus Construction Group, Inc. (NYSE:ECG) by 15.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,707 shares of the company’s stock after selling 7,600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Everus Construction Group worth $3,576,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB grew its holdings in Everus Construction Group by 66.7% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the company’s stock worth $42,875,000 after acquiring an additional 200,000 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Everus Construction Group during the 2nd quarter valued at approximately $11,020,000. Clifford Capital Partners LLC bought a new position in Everus Construction Group during the 2nd quarter worth approximately $8,660,000. Teacher Retirement System of Texas lifted its position in shares of Everus Construction Group by 121.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 244,178 shares of the company’s stock worth $15,513,000 after purchasing an additional 133,922 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Everus Construction Group in the 2nd quarter worth approximately $5,856,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. DA Davidson set a $102.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Everus Construction Group in a research note on Thursday, November 6th. Finally, Stifel Nicolaus cut their price objective on shares of Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.75.

Everus Construction Group Stock Up 9.3%

Everus Construction Group stock opened at $97.24 on Friday. The stock has a market cap of $4.96 billion, a PE ratio of 27.55 and a beta of 3.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76. The firm’s 50-day simple moving average is $90.21 and its 200 day simple moving average is $85.08. Everus Construction Group, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $103.08.

Everus Construction Group 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. Everus Construction Group is based in BISMARCK, N.D.