Bank of America Corp DE bought a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 71,323 shares of the company's stock, valued at approximately $4,689,000. Bank of America Corp DE owned about 0.14% of Everus as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new position in Everus in the fourth quarter valued at approximately $26,000. Principal Securities Inc. bought a new stake in shares of Everus in the fourth quarter valued at $27,000. HighMark Wealth Management LLC bought a new stake in shares of Everus in the fourth quarter valued at $28,000. Crews Bank & Trust purchased a new position in shares of Everus during the 4th quarter valued at $29,000. Finally, Quarry LP bought a new position in shares of Everus during the 4th quarter worth $36,000.
Everus Trading Down 0.1%
Shares of NYSE:ECG traded down $0.05 during midday trading on Friday, hitting $57.82. 545,768 shares of the stock traded hands, compared to its average volume of 732,643. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The business's 50 day moving average is $44.85 and its two-hundred day moving average is $54.36. Everus has a one year low of $31.38 and a one year high of $77.93.
Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating 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 business's revenue was up 32.1% on a year-over-year basis. On average, research analysts predict that Everus will post 2.49 earnings per share for the current year.
Analysts Set New Price Targets
ECG has been the topic of a number of analyst reports. Stifel Nicolaus boosted their target price on shares of Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday, May 16th. DA Davidson increased their target price on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th.
Check Out Our Latest Research Report on ECG
Everus Profile
(
Free Report)
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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