411,113 Shares in Everus (NYSE:ECG) Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new position in Everus (NYSE:ECG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 411,113 shares of the company’s stock, valued at approximately $27,031,000. Charles Schwab Investment Management Inc. owned 0.81% of Everus at the end of the most recent reporting period.

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

Everus Stock Performance

NYSE ECG opened at $39.00 on Tuesday. 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 $37.00 and a 1-year high of $77.93. The company’s 50 day moving average price is $56.59.

Everus (NYSE:ECG) last posted its earnings results 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 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Oppenheimer increased their price objective on shares of 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 shares of Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus reduced their price target on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, February 13th.

Insider Transactions at Everus

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

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.