115,250 Shares in Everus (NYSE:ECG) Acquired by Needham Investment Management LLC

Needham Investment Management LLC purchased a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 115,250 shares of the company's stock, valued at approximately $7,578,000. Needham Investment Management LLC owned approximately 0.23% of Everus as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $365,965,000. Dimensional Fund Advisors LP acquired a new stake in shares of Everus in the fourth quarter valued at approximately $120,578,000. Invesco Ltd. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $65,337,000. Alliancebernstein L.P. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $53,131,000. Finally, American Century Companies Inc. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $49,650,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson lifted their price target on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday.

Everus Trading Down 3.0%

NYSE ECG traded down $1.86 during midday trading on Friday, hitting $59.39. The company had a trading volume of 693,310 shares, compared to its average volume of 749,156. 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 firm has a 50-day moving average price of $40.62 and a 200-day moving average price of $54.27. Everus has a twelve month low of $31.38 and a twelve month high of $77.93.

Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. On average, analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Buying and Selling at Everus

In related news, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This represents a 10.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Maximillian J. Marcy purchased 1,300 shares of Everus stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Insiders purchased 3,750 shares of company stock valued at $153,853 in the last three months. Corporate insiders own 0.21% of the company's stock.

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.