Advisors Asset Management Inc. Purchases New Holdings in Everus (NYSE:ECG)

Advisors Asset Management Inc. purchased a new stake in Everus (NYSE:ECG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 59,212 shares of the company’s stock, valued at approximately $3,893,000. Advisors Asset Management Inc. owned approximately 0.12% of Everus at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ECG. SRS Capital Advisors Inc. purchased a new position in Everus in the 4th quarter worth approximately $26,000. Principal Securities Inc. purchased a new position in Everus in the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC purchased a new position in Everus in the 4th quarter worth approximately $28,000. Crews Bank & Trust purchased a new position in Everus in the 4th quarter worth approximately $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus in the 4th quarter worth approximately $36,000.

Analyst Ratings Changes

A number of research firms have weighed in on ECG. Oppenheimer raised their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their target price on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Wolfe Research initiated coverage on shares of Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company.

Everus Stock Performance

Shares of NYSE ECG opened at $40.30 on Friday. The business’s 50 day moving average price is $54.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 1 year low of $36.96 and a 1 year high of $77.93.

Everus (NYSE:ECG) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, analysts anticipate that Everus will post 2.49 EPS for the current fiscal year.

Insider Activity at Everus

In related news, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Maximillian J. Marcy bought 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at $214,756.92. The trade was a 30.89 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,750 shares of company stock worth $153,853.

Everus 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.