Commonwealth Equity Services LLC Makes New $2.13 Million Investment in Everus (NYSE:ECG)

Commonwealth Equity Services LLC purchased a new position in Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,377 shares of the company’s stock, valued at approximately $2,129,000. Commonwealth Equity Services LLC owned about 0.06% of Everus at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new stake in Everus in the 4th quarter worth approximately $16,241,000. Yousif Capital Management LLC bought a new position in shares of Everus in the fourth quarter valued at approximately $1,326,000. Principal Securities Inc. bought a new stake in shares of Everus during the 4th quarter worth $27,000. Cascade Investment Advisors Inc. acquired a new position in Everus in the 4th quarter valued at $1,272,000. Finally, Register Financial Advisors LLC bought a new position in Everus in the 4th quarter worth $3,167,000.

Insider Buying and Selling

In related news, CFO Maximillian J. Marcy acquired 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the purchase, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the acquisition, the director now owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 3,750 shares of company stock valued at $153,853 over the last ninety days.

Analysts Set New Price Targets

A number of research firms have issued reports on ECG. Oppenheimer upped their price target 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 initiated coverage on Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating for the company. Finally, Stifel Nicolaus dropped their price target on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th.

Everus Stock Down 5.1 %

Shares of ECG opened at $34.99 on Friday. Everus has a 52 week low of $34.41 and a 52 week high of $77.93. The company’s 50-day moving average is $51.97. 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 (NYSE:ECG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, research analysts anticipate that Everus will post 2.49 earnings per share 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.