Ancora Advisors LLC Purchases Shares of 169,168 Everus (NYSE:ECG)

Ancora Advisors LLC acquired a new stake in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 169,168 shares of the company's stock, valued at approximately $11,123,000. Ancora Advisors LLC owned 0.33% of Everus at the end of the most recent quarter.

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

Insider Buying and Selling at Everus

In other news, Director Rocca Michael Della purchased 1,050 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now owns 2,027 shares of the company's stock, valued at $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 3,750 shares of company stock worth $153,853 over the last quarter. Insiders own 0.21% of the company's stock.

Everus Stock Up 2.8 %

NYSE ECG traded up $1.25 during trading hours on Wednesday, reaching $46.60. The company's stock had a trading volume of 553,100 shares, compared to its average volume of 719,629. 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 has a 1 year low of $31.38 and a 1 year high of $77.93. The business's 50-day moving average is $38.84.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings data 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). Research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ECG shares. Stifel Nicolaus cut 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. Oppenheimer lifted their price target on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th.

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.