Frontier Capital Management Co. LLC Invests $34.80 Million in Everus (NYSE:ECG)

Frontier Capital Management Co. LLC bought a new position in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 529,230 shares of the company's stock, valued at approximately $34,797,000. Frontier Capital Management Co. LLC owned approximately 1.04% of Everus at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ECG. Forza Wealth Management LLC purchased a new stake in shares of Everus during the fourth quarter worth about $336,000. Mendota Financial Group LLC purchased a new stake in shares of Everus during the fourth quarter worth about $36,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Everus during the fourth quarter worth about $292,000. Hennessy Advisors Inc. purchased a new stake in shares of Everus during the fourth quarter worth about $31,611,000. Finally, Brady Martz Wealth Solutions LLC bought a new position in Everus during the fourth quarter valued at approximately $472,000.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Edward A. Ryan acquired 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This trade represents a 10.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the purchase, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. The trade was a 30.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 3,750 shares of company stock valued at $153,853 in the last ninety days. Insiders own 0.21% of the company's stock.

Everus Price Performance

Everus stock traded down $0.25 during midday trading on Friday, reaching $48.02. 781,592 shares of the stock traded hands, compared to its average volume of 720,109. The business's fifty day moving average price is $39.31. Everus has a 12 month low of $31.38 and a 12 month high of $77.93. 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 quarterly earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). On average, research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

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.