SG Americas Securities LLC Purchases New Position in Everus (NYSE:ECG)

SG Americas Securities LLC acquired a new position in Everus (NYSE:ECG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,182 shares of the company’s stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ECG. Mendota Financial Group LLC bought a new position in shares of Everus in the 4th quarter valued at approximately $36,000. SeaCrest Wealth Management LLC acquired a new position in Everus during the fourth quarter valued at approximately $292,000. Cascade Investment Group Inc. bought a new position in shares of Everus in the fourth quarter valued at approximately $329,000. Forza Wealth Management LLC acquired a new stake in shares of Everus in the fourth quarter worth $336,000. Finally, Brady Martz Wealth Solutions LLC bought a new stake in shares of Everus during the 4th quarter worth $472,000.

Analysts Set New Price Targets

ECG has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price on the stock. Oppenheimer lifted their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus increased their target price on Everus from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Wolfe Research assumed coverage on Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock.

Everus Stock Up 6.2 %

Shares of ECG opened at $70.66 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The company’s 50-day moving average is $68.22. Everus has a 52 week low of $40.05 and a 52 week high of $77.93.

Everus (NYSE:ECG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The firm had revenue of $760.99 million during the quarter. On average, research analysts anticipate that Everus will post 2.83 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.