Everus Construction Group, Inc. $ECG Stock Position Raised by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Everus Construction Group, Inc. (NYSE:ECG) by 14.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,991 shares of the company’s stock after purchasing an additional 25,140 shares during the period. Public Sector Pension Investment Board owned approximately 0.39% of Everus Construction Group worth $17,063,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in Everus Construction Group by 2.1% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 26,943 shares of the company’s stock worth $2,310,000 after purchasing an additional 552 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Everus Construction Group by 2.2% in the third quarter. Rhumbline Advisers now owns 117,019 shares of the company’s stock worth $10,034,000 after buying an additional 2,465 shares during the period. Advisors Asset Management Inc. increased its position in shares of Everus Construction Group by 11.2% in the third quarter. Advisors Asset Management Inc. now owns 35,884 shares of the company’s stock worth $3,077,000 after acquiring an additional 3,618 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Everus Construction Group by 3.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 38,308 shares of the company’s stock valued at $3,285,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Everus Construction Group in the 3rd quarter valued at approximately $677,000.

Everus Construction Group Price Performance

ECG opened at $104.97 on Friday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 29.74 and a beta of 3.84. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $107.65. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $91.15 and a 200 day moving average price of $86.13.

Wall Street Analyst Weigh In

ECG has been the topic of several research analyst reports. Guggenheim began coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They set a “neutral” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of Everus Construction Group in a report on Thursday, November 6th. Wall Street Zen lowered Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. DA Davidson set a $102.00 price objective on Everus Construction Group in a research report on Thursday, November 6th. Finally, Zacks Research downgraded Everus Construction Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.75.

About Everus Construction Group

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.