Steward Partners Investment Advisory LLC Acquires New Position in Everus (NYSE:ECG)

Steward Partners Investment Advisory LLC acquired a new stake in shares of Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,285 shares of the company’s stock, valued at approximately $84,000.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Wolfe Research assumed coverage on shares of Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating for the company. Finally, Oppenheimer upped their price target on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Insider Transactions at Everus

In other news, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This represents a 30.89 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 3,750 shares of company stock valued at $153,853 over the last 90 days.

Everus Price Performance

Everus stock opened at $39.00 on Tuesday. Everus has a 52-week low of $37.00 and a 52-week high of $77.93. The stock has a fifty day simple moving average of $56.59. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, sell-side analysts predict that Everus will post 2.49 EPS for the current fiscal year.

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.