State of New Jersey Common Pension Fund D Trims Stock Holdings in Everus Construction Group, Inc. $ECG

State of New Jersey Common Pension Fund D reduced its holdings in shares of Everus Construction Group, Inc. (NYSE:ECG) by 14.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,065 shares of the company’s stock after selling 4,753 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Everus Construction Group were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its stake in Everus Construction Group by 105.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 386 shares of the company’s stock valued at $25,000 after buying an additional 198 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Everus Construction Group by 68.2% during the 3rd quarter. Bessemer Group Inc. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 137 shares during the period. Country Trust Bank purchased a new stake in Everus Construction Group during the 2nd quarter worth about $31,000. Salomon & Ludwin LLC bought a new position in Everus Construction Group in the 3rd quarter worth about $33,000. Finally, GHP Investment Advisors Inc. purchased a new position in Everus Construction Group during the 2nd quarter valued at about $37,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on ECG. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of Everus Construction Group in a research note on Thursday, November 6th. DA Davidson set a $102.00 price objective on Everus Construction Group in a research report on Thursday, November 6th. Zacks Research cut Everus Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Stifel Nicolaus lowered 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. Finally, Guggenheim began coverage on shares of Everus Construction Group in a research report on Thursday, January 22nd. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.75.

Everus Construction Group Trading Up 3.4%

NYSE ECG opened at $108.07 on Friday. The stock has a 50-day moving average of $92.21 and a 200-day moving average of $87.22. 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 1-year low of $31.38 and a 1-year high of $109.32. The firm has a market cap of $5.51 billion, a PE ratio of 30.62 and a beta of 3.84.

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.