Allied Investment Advisors LLC Invests $365,000 in Everus (NYSE:ECG)

Allied Investment Advisors LLC bought a new stake in Everus (NYSE:ECG) during the fourth quarter, HoldingsChannel reports. The firm bought 5,549 shares of the company’s stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hennessy Advisors Inc. acquired a new position in shares of Everus during the 4th quarter worth approximately $31,611,000. Principal Financial Group Inc. bought a new position in shares of Everus in the fourth quarter valued at $16,241,000. Moody Aldrich Partners LLC acquired a new position in Everus during the fourth quarter worth $4,359,000. New York State Common Retirement Fund bought a new stake in Everus during the fourth quarter worth $3,472,000. Finally, Register Financial Advisors LLC bought a new stake in Everus during the fourth quarter worth $3,167,000.

Everus Trading Down 0.7 %

NYSE:ECG opened at $47.78 on Wednesday. The company has a fifty day moving average of $67.57. Everus has a one year low of $40.05 and a one year high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58.

Everus (NYSE:ECG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, sell-side analysts forecast that Everus will post 2.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ECG. Wolfe Research initiated coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Oppenheimer lifted their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, DA Davidson began coverage on Everus in a research report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective for the company.

About Everus

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.