Cladis Investment Advisory LLC Takes Position in Everus (NYSE:ECG)

Cladis Investment Advisory LLC purchased a new stake in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,727 shares of the company's stock, valued at approximately $1,231,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in shares of Everus during the fourth quarter worth $365,965,000. Dimensional Fund Advisors LP bought a new position in Everus during the 4th quarter worth approximately $120,578,000. Invesco Ltd. bought a new stake in Everus in the fourth quarter valued at approximately $65,337,000. Alliancebernstein L.P. bought a new stake in Everus in the fourth quarter valued at approximately $53,131,000. Finally, American Century Companies Inc. acquired a new stake in Everus in the fourth quarter worth $49,650,000.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their price target on Everus from $67.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insider Buying and Selling at Everus

In other news, Director Rocca Michael Della acquired 1,050 shares of the stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This trade represents a 107.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now directly owns 14,928 shares of the company's stock, valued at $567,562.56. This represents a 10.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 3,750 shares of company stock valued at $153,853 in the last quarter. 0.21% of the stock is currently owned by insiders.

Everus Stock Up 3.5%

Shares of ECG stock traded up $1.76 on Tuesday, reaching $51.86. The stock had a trading volume of 755,257 shares, compared to its average volume of 721,026. Everus has a 12 month low of $31.38 and a 12 month high of $77.93. The stock's 50-day moving average price is $39.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58.

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