Asset Management One Co. Ltd. Invests $3.26 Million in Everus (NYSE:ECG)

Asset Management One Co. Ltd. acquired a new position in Everus (NYSE:ECG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,642 shares of the company’s stock, valued at approximately $3,258,000. Asset Management One Co. Ltd. owned approximately 0.09% of Everus at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hennessy Advisors Inc. purchased a new stake in shares of Everus in the 4th quarter worth $31,611,000. Moody Aldrich Partners LLC purchased a new stake in shares of Everus in the 4th quarter worth $4,359,000. Register Financial Advisors LLC purchased a new stake in shares of Everus in the 4th quarter worth $3,167,000. State of Alaska Department of Revenue purchased a new stake in shares of Everus in the 4th quarter worth $1,901,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Everus in the 4th quarter worth $1,895,000.

Analyst Upgrades and Downgrades

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

Everus Price Performance

NYSE:ECG opened at $46.72 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $66.78. Everus has a 52 week low of $40.05 and a 52 week high of $77.93.

Everus (NYSE:ECG) last issued 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, analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Activity

In other news, Director Rocca Michael Della acquired 1,050 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.