NBC Securities Inc. Invests $168,000 in Everus (NYSE:ECG)

NBC Securities Inc. acquired a new position in Everus (NYSE:ECG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,532 shares of the company's stock, valued at approximately $168,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Yousif Capital Management LLC bought a new stake in Everus in the 4th quarter worth approximately $1,326,000. State of Alaska Department of Revenue purchased a new stake in Everus in the 4th quarter worth approximately $1,901,000. Lecap Asset Management Ltd. bought a new position in Everus in the 4th quarter worth $446,000. Apollon Wealth Management LLC purchased a new position in shares of Everus during the fourth quarter valued at about $311,000. Finally, Empowered Funds LLC bought a new position in shares of Everus in the 4th quarter worth approximately $110,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ECG. Stifel Nicolaus upped their price target on Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. DA Davidson upped their price objective on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th.

Everus Trading Up 0.2%

Shares of NYSE ECG traded up $0.12 during midday trading on Thursday, reaching $60.43. 351,652 shares of the stock traded hands, compared to its average volume of 707,009. Everus has a one year low of $31.38 and a one year high of $77.93. The company's 50 day moving average is $48.67 and its 200 day moving average is $54.35. 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 issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.29. The business had revenue of $826.63 million during the quarter, compared to analysts' expectations of $676.35 million. The company's revenue for the quarter was up 32.1% compared to the same quarter last year. On average, research analysts anticipate that Everus will post 2.49 EPS for the current 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.