Legal & General Group Plc Takes Position in Everus (NYSE:ECG)

Legal & General Group Plc purchased a new stake in Everus (NYSE:ECG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 136,925 shares of the company’s stock, valued at approximately $9,003,000. Legal & General Group Plc owned approximately 0.27% of Everus as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ECG. Vanguard Group Inc. acquired a new stake in Everus during the 4th quarter worth $365,965,000. Invesco Ltd. purchased a new position in Everus during the 4th quarter worth approximately $65,337,000. Alliancebernstein L.P. acquired a new position in Everus during the fourth quarter worth approximately $53,131,000. American Century Companies Inc. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $49,650,000. Finally, Norges Bank purchased a new position in shares of Everus during the fourth quarter worth approximately $34,672,000.

Everus Stock Performance

ECG stock opened at $38.77 on Friday. Everus has a one year low of $31.38 and a one year high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $40.64.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Oppenheimer increased their price target 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 dropped their price target on Everus from $67.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th.

Insider Buying and Selling

In other news, Director Edward A. Ryan purchased 1,400 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now directly owns 14,928 shares of the company’s stock, valued at $567,562.56. This represents a 10.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the purchase, the chief financial officer now 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. Insiders have acquired 3,750 shares of company stock valued at $153,853 over the last quarter. Company insiders own 0.21% of the company’s stock.

Everus 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.