Sei Investments Co. Takes Position in Everus (NYSE:ECG)

Sei Investments Co. purchased a new stake in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,305 shares of the company’s stock, valued at approximately $2,124,000. Sei Investments Co. owned approximately 0.06% of Everus as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, Director Rocca Michael Della bought 1,050 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the acquisition, the director now directly owns 2,027 shares of the company’s stock, valued at $96,404.12. This trade represents a 107.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,750 shares of company stock worth $153,853.

Analysts Set New Price Targets

A number of equities analysts have commented on ECG shares. Stifel Nicolaus reduced their target price on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Oppenheimer boosted their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Everus Stock Performance

ECG opened at $33.67 on Friday. Everus has a twelve month low of $31.38 and a twelve month high of $77.93. 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 stock’s 50-day simple moving average is $47.50.

Everus (NYSE:ECG) last issued its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). As a group, sell-side analysts predict that Everus will post 2.49 earnings per share for the current year.

Everus 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.