AQR Capital Management LLC Makes New $5.59 Million Investment in Everus (NYSE:ECG)

AQR Capital Management LLC purchased a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 85,034 shares of the company's stock, valued at approximately $5,591,000. AQR Capital Management LLC owned 0.17% of Everus as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in Everus in the 4th quarter valued at about $30,076,000. The Manufacturers Life Insurance Company acquired a new position in Everus during the fourth quarter valued at approximately $852,000. Beacon Pointe Advisors LLC bought a new stake in Everus during the fourth quarter worth $3,852,000. Quarry LP acquired a new stake in shares of Everus in the 4th quarter valued at $36,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Everus in the 4th quarter valued at $250,000.

Insider Buying and Selling at Everus

In related news, Director Edward A. Ryan purchased 1,400 shares of the business's stock in a transaction that occurred on 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rocca Michael Della acquired 1,050 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 3,750 shares of company stock worth $153,853 over the last three months. 0.21% of the stock is owned by insiders.

Everus Price Performance

Shares of NYSE ECG traded down $0.25 during midday trading on Friday, reaching $48.02. The company's stock had a trading volume of 781,592 shares, compared to its average volume of 720,109. Everus has a 12-month low of $31.38 and a 12-month high of $77.93. The firm has a 50 day moving average price of $39.31. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

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). On average, equities analysts anticipate that Everus will post 2.49 EPS for the current year.

Analysts Set New Price Targets

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

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.