1060 Capital LLC Acquires New Position in Everus (NYSE:ECG)

1060 Capital LLC purchased a new position in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,000 shares of the company's stock, valued at approximately $5,918,000. Everus comprises 11.7% of 1060 Capital LLC's investment portfolio, making the stock its 5th biggest position. 1060 Capital LLC owned 0.18% of Everus as of its most recent filing with the Securities and Exchange Commission (SEC).

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 fourth quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC purchased a new position in shares of Everus in the fourth quarter worth $28,000. Crews Bank & Trust purchased a new position in Everus during the fourth quarter valued at $29,000. Finally, Quarry LP purchased a new stake in Everus in the 4th quarter worth $36,000.

Insider Transactions at Everus

In other news, CFO Maximillian J. Marcy acquired 1,300 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was 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. The trade was a 10.35 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,750 shares of company stock worth $153,853. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ECG shares. Stifel Nicolaus decreased their price objective on Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Oppenheimer boosted their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th.

Everus Stock Up 0.8 %

NYSE ECG traded up $0.34 during midday trading on Monday, hitting $45.46. 643,737 shares of the company traded hands, compared to its average volume of 723,518. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a 52 week low of $31.38 and a 52 week high of $77.93. The firm has a 50-day simple moving average of $38.76.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). As a group, analysts expect that Everus will post 2.49 EPS for the current fiscal year.

About Everus

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.