Jefferies Financial Group Inc. Buys New Holdings in Everus (NYSE:ECG)

Jefferies Financial Group Inc. purchased a new position in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,175 shares of the company's stock, valued at approximately $801,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of Everus in the fourth quarter worth about $365,965,000. Dimensional Fund Advisors LP purchased a new position in Everus during the fourth quarter worth approximately $120,578,000. Invesco Ltd. acquired a new stake in Everus in the fourth quarter valued at approximately $65,337,000. Alliancebernstein L.P. purchased 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 position in shares of Everus during the 4th quarter worth approximately $49,650,000.

Everus Trading Down 0.3%

Shares of Everus stock traded down $0.17 during trading hours on Monday, reaching $59.31. 483,468 shares of the company's stock were exchanged, compared to its average volume of 747,186. The business has a fifty day moving average of $41.05 and a two-hundred day moving average of $54.31. 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 has a 1 year low of $31.38 and a 1 year high of $77.93.

Everus (NYSE:ECG - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. The company's revenue for the quarter was up 32.1% on a year-over-year basis. Equities research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the acquisition, the director now owns 2,027 shares of the company's stock, valued at approximately $96,404.12. This trade represents a 107.47% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction dated 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 completion of the purchase, the chief financial officer now owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This represents a 30.89% increase in their position. 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. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ECG has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson upped their price target on shares of Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday.

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.