AdvisorNet Financial Inc acquired a new stake in shares of Everus (NYSE:ECG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,735 shares of the company's stock, valued at approximately $213,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ECG. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Everus in the 4th quarter valued at approximately $333,000. Wood Tarver Financial Group LLC bought a new stake in Everus during the 4th quarter valued at $75,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Everus in the 4th quarter worth $3,066,000. Jefferies Financial Group Inc. bought a new position in shares of Everus in the 4th quarter worth $801,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Everus in the 4th quarter worth $6,286,000.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. DA Davidson boosted their price target on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus increased their target price on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday, May 16th.
Read Our Latest Research Report on Everus
Everus Price Performance
Everus stock traded down $0.31 during midday trading on Wednesday, reaching $59.89. The company's stock had a trading volume of 339,278 shares, compared to its average volume of 724,075. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $45.76 and a 200-day simple moving average of $54.36.
Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 32.1% on a year-over-year basis. On average, equities analysts predict that Everus will post 2.49 EPS for the current year.
About Everus
(
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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