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

New York State Common Retirement Fund decreased its holdings in Everus Construction Group, Inc. (NYSE:ECG) by 15.4% during the third quarter, HoldingsChannel.com reports. 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’s holdings in Everus Construction Group were worth $3,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC lifted its holdings in shares of Everus Construction Group by 4.0% in the 3rd quarter. Stonegate Investment Group LLC now owns 6,500 shares of the company’s stock valued at $557,000 after acquiring an additional 250 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Everus Construction Group by 20.7% in the third quarter. EFG Asset Management North America Corp. now owns 56,071 shares of the company’s stock valued at $4,806,000 after acquiring an additional 9,609 shares in the last quarter. Riverwater Partners LLC lifted its holdings in Everus Construction Group by 4.8% during the third quarter. Riverwater Partners LLC now owns 24,889 shares of the company’s stock worth $2,134,000 after buying an additional 1,137 shares during the period. Kornitzer Capital Management Inc. KS bought a new position in Everus Construction Group in the third quarter worth about $7,159,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Everus Construction Group in the third quarter worth about $256,000.

Everus Construction Group Stock Performance

Shares of ECG opened at $97.24 on Friday. The stock has a 50-day simple moving average of $90.21 and a 200-day simple moving average of $85.08. The stock has a market capitalization of $4.96 billion, a PE ratio of 27.55 and a beta of 3.84. Everus Construction Group, Inc. has a 1 year low of $31.38 and a 1 year high of $103.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.76.

Analysts Set New Price Targets

A number of research firms have recently commented on ECG. Wall Street Zen cut Everus Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research cut shares of Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Stifel Nicolaus lowered their price objective on Everus Construction Group from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Everus Construction Group in a research report on Thursday, January 22nd. Finally, DA Davidson set a $102.00 target price on shares of Everus Construction Group in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Everus Construction Group has a consensus rating of “Hold” and an average price target of $102.75.

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.