Versor Investments LP Purchases New Stake in Everus Construction Group, Inc. $ECG

Versor Investments LP acquired a new position in shares of Everus Construction Group, Inc. (NYSE:ECG) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 7,900 shares of the company’s stock, valued at approximately $677,000.

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

Everus Construction Group Price Performance

Shares of NYSE:ECG opened at $102.63 on Thursday. The firm’s 50 day moving average is $90.75 and its two-hundred day moving average is $85.71. The firm has a market capitalization of $5.24 billion, a P/E ratio of 29.07 and a beta of 3.84. The company has a current ratio of 1.76, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Everus Construction Group, Inc. has a 52 week low of $31.38 and a 52 week high of $105.00.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. DA Davidson set a $102.00 target price on Everus Construction Group in a research note on Thursday, November 6th. Stifel Nicolaus cut their price target 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. Zacks Research lowered Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Guggenheim began coverage on Everus Construction Group in a research note on Thursday, January 22nd. They set a “neutral” rating for the company. Finally, Cantor Fitzgerald initiated coverage on Everus Construction Group in a research note on Friday, January 23rd. They issued a “neutral” rating and a $97.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Everus Construction Group currently has an average rating of “Hold” and an average price target of $102.75.

Everus Construction Group 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.