Silvercrest Asset Management Group LLC Buys Shares of 247,035 Everus (NYSE:ECG)

Silvercrest Asset Management Group LLC bought a new stake in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 247,035 shares of the company's stock, valued at approximately $16,243,000. Silvercrest Asset Management Group LLC owned approximately 0.48% of Everus as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of Everus during the fourth quarter worth about $365,965,000. Dimensional Fund Advisors LP bought a new position in Everus in the 4th quarter worth approximately $120,578,000. Invesco Ltd. bought a new position in Everus in the 4th quarter worth approximately $65,337,000. Alliancebernstein L.P. purchased a new stake in Everus during the 4th quarter valued at approximately $53,131,000. Finally, American Century Companies Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $49,650,000.

Insider Transactions at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost 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 of the company's stock, valued at $567,562.56. The trade was a 10.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. This represents a 30.89% 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.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson boosted their price target on shares of Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus raised their target price on shares of Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, May 16th.

Everus Trading Down 3.8%

ECG stock traded down $2.26 during mid-day trading on Wednesday, reaching $56.73. The company had a trading volume of 572,322 shares, compared to its average volume of 743,802. The firm has a 50 day moving average of $41.89 and a 200 day moving average of $54.38. Everus has a 12 month low of $31.38 and a 12 month 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.

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

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.