Dimensional Fund Advisors LP Buys New Stake in Everus (NYSE:ECG)

Dimensional Fund Advisors LP bought a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,833,827 shares of the company's stock, valued at approximately $120,578,000. Dimensional Fund Advisors LP owned approximately 3.60% of Everus as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. acquired a new stake in shares of Everus in the 4th quarter worth approximately $26,000. Principal Securities Inc. acquired a new stake in Everus in the fourth quarter worth approximately $27,000. HighMark Wealth Management LLC bought a new position in Everus during the 4th quarter valued at $28,000. Crews Bank & Trust bought a new position in Everus during the 4th quarter valued at $29,000. Finally, Mendota Financial Group LLC acquired a new position in shares of Everus during the 4th quarter valued at $36,000.

Everus Stock Up 6.1 %

Shares of Everus stock traded up $2.60 on Friday, reaching $45.44. 224,800 shares of the company were exchanged, compared to its average volume of 722,479. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $38.70.

Everus (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Equities analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the purchase, the director now directly owns 2,027 shares of the company's stock, valued at $96,404.12. The trade was a 107.47 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,750 shares of company stock valued at $153,853. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ECG shares. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on shares of Everus from $67.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th.

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.