Smith Moore & CO. Invests $334,000 in Everus (NYSE:ECG)

Smith Moore & CO. purchased a new stake in shares of Everus (NYSE:ECG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,073 shares of the company’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Everus during the 4th quarter valued at $16,241,000. Yousif Capital Management LLC purchased a new position in Everus during the 4th quarter valued at about $1,326,000. Principal Securities Inc. bought a new stake in Everus during the fourth quarter worth about $27,000. Cascade Investment Advisors Inc. purchased a new stake in Everus in the fourth quarter worth about $1,272,000. Finally, Register Financial Advisors LLC bought a new position in shares of Everus during the fourth quarter valued at approximately $3,167,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer boosted their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th.

Insider Activity at Everus

In other news, CFO Maximillian J. Marcy purchased 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost 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 of the company’s stock, valued at $214,756.92. This represents a 30.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the transaction, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,750 shares of company stock worth $153,853 over the last quarter.

Everus Trading Down 4.7 %

NYSE:ECG opened at $33.67 on Friday. Everus has a 52 week low of $31.38 and a 52 week high of $77.93. The firm’s 50 day moving average price is $47.50. 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 posted its 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). Sell-side analysts expect that Everus will post 2.49 EPS for the current year.

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.