Citadel Advisors LLC Takes Position in Everus (NYSE:ECG)

Citadel Advisors LLC purchased a new position in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 147,490 shares of the company's stock, valued at approximately $9,697,000. Citadel Advisors LLC owned approximately 0.29% of Everus as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ECG. SRS Capital Advisors Inc. bought a new position in shares of Everus in the 4th quarter worth $26,000. Principal Securities Inc. bought a new position in shares of Everus in the 4th quarter worth $27,000. HighMark Wealth Management LLC bought a new position in shares of Everus in the 4th quarter worth $28,000. Crews Bank & Trust purchased a new stake in Everus in the 4th quarter valued at $29,000. Finally, Quarry LP purchased a new stake in Everus in the 4th quarter valued at $36,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ECG shares. Stifel Nicolaus increased their price target on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson raised their target price on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday.

Everus Stock Performance

Shares of Everus stock traded down $1.86 during trading hours on Friday, hitting $59.39. 693,310 shares of the company's stock traded hands, compared to its average volume of 749,154. Everus has a 12-month low of $31.38 and a 12-month high of $77.93. The company has a fifty day simple moving average of $41.05 and a 200-day simple moving average of $54.31. 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 (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to analysts' expectations of $676.35 million. The firm's revenue was up 32.1% on a year-over-year basis. As a group, analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

Insider Transactions at Everus

In related news, Director Rocca Michael Della bought 1,050 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This trade represents a 107.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, with a total value of $50,687.00. Following the purchase, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. This trade represents a 30.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 3,750 shares of company stock worth $153,853. 0.21% of the stock is owned by company insiders.

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.