Envestnet Asset Management Inc. Buys New Shares in Everus (NYSE:ECG)

Envestnet Asset Management Inc. acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,458 shares of the company's stock, valued at approximately $2,200,000. Envestnet Asset Management Inc. owned approximately 0.07% of Everus as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new stake in shares of Everus in the 4th quarter valued at approximately $26,000. Principal Securities Inc. purchased a new stake in shares of Everus in the fourth quarter valued at $27,000. HighMark Wealth Management LLC acquired a new stake in shares of Everus in the fourth quarter worth $28,000. Crews Bank & Trust acquired a new position in Everus in the 4th quarter valued at approximately $29,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Everus during the 4th quarter valued at $36,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ECG. Stifel Nicolaus cut their price objective on Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer upped their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th.

Insider Transactions at Everus

In other news, Director Rocca Michael Della bought 1,050 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward A. Ryan acquired 1,400 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now owns 14,928 shares of the company's stock, valued at $567,562.56. This represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,750 shares of company stock valued at $153,853. Company insiders own 0.21% of the company's stock.

Everus Price Performance

Shares of Everus stock traded up $2.87 on Thursday, reaching $43.11. 124,751 shares of the company's stock were exchanged, compared to its average volume of 719,061. The business has a 50-day moving average price of $38.61. Everus has a 52 week low of $31.38 and a 52 week high of $77.93. 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, equities analysts predict that Everus will post 2.49 earnings per share for the current year.

Everus Company 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.