Baird Financial Group Inc. Invests $11.92 Million in Everus (NYSE:ECG)

Baird Financial Group Inc. purchased a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 181,294 shares of the company's stock, valued at approximately $11,920,000. Baird Financial Group Inc. owned approximately 0.36% 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 position in shares of Everus in the 4th quarter valued at $26,000. Principal Securities Inc. purchased a new position in shares of Everus during the fourth quarter worth about $27,000. HighMark Wealth Management LLC acquired a new stake in shares of Everus during the fourth quarter worth about $28,000. Crews Bank & Trust purchased a new stake in shares of Everus in the 4th quarter valued at about $29,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Everus in the 4th quarter valued at about $36,000.

Insider Buying and Selling

In other news, Director Rocca Michael Della purchased 1,050 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the acquisition, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the acquisition, the chief financial officer now owns 5,508 shares of the company's stock, valued at $214,756.92. The trade was a 30.89 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 3,750 shares of company stock valued at $153,853 over the last ninety days. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

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

Everus Stock Performance

Shares of ECG stock opened at $46.60 on Thursday. The firm has a 50-day moving average of $38.93. 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 has a 52-week low of $31.38 and a 52-week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings data 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). As a group, equities research analysts anticipate 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.

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