KBC Group NV Acquires Shares of 2,284 Everus (NYSE:ECG)

KBC Group NV acquired a new position in shares of Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,284 shares of the company’s stock, valued at approximately $150,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in Everus during the 4th quarter worth $3,167,000. SG Americas Securities LLC acquired a new stake in shares of Everus during the fourth quarter worth about $669,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus during the fourth quarter worth about $292,000. Cascade Investment Group Inc. acquired a new position in Everus in the 4th quarter valued at about $329,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in Everus during the 4th quarter valued at approximately $472,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. DA Davidson initiated coverage on shares of Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price for the company. Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Wolfe Research started coverage on Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Finally, Stifel Nicolaus raised their price target on Everus from $78.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Everus Stock Up 2.3 %

ECG stock opened at $70.66 on Friday. The company has a 50 day moving average of $68.61. 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 has a 1 year low of $40.05 and a 1 year high of $77.93.

Everus (NYSE:ECG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $760.99 million during the quarter. On average, research analysts expect that Everus will post 2.83 earnings per share for the current fiscal 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.