Ensign Peak Advisors Inc Buys Shares of 17,070 Everus (NYSE:ECG)

Ensign Peak Advisors Inc bought a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,070 shares of the company's stock, valued at approximately $1,122,000.

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

Everus Stock Performance

ECG traded down $0.20 during trading hours on Tuesday, reaching $59.06. 458,421 shares of the stock traded hands, compared to its average volume of 745,063. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The firm's fifty day simple moving average is $41.47 and its two-hundred day simple moving average is $54.34.

Everus (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to analysts' expectations of $676.35 million. The firm's revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Everus will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ECG shares. DA Davidson lifted their target price on shares of Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Stifel Nicolaus boosted their price objective on Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a research note on Friday.

Insider Transactions at Everus

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at $214,756.92. This trade represents a 30.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edward A. Ryan acquired 1,400 shares of the company'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 purchase, the director now owns 14,928 shares of the company's stock, valued at $567,562.56. This trade represents a 10.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

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.