Cascade Investment Advisors Inc. Boosts Stake in Everus (NYSE:ECG)

Cascade Investment Advisors Inc. raised its position in Everus (NYSE:ECG - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,002 shares of the company's stock after purchasing an additional 7,652 shares during the period. Cascade Investment Advisors Inc. owned 0.05% of Everus worth $1,002,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tompkins Financial Corp bought a new stake in shares of Everus during the 1st quarter worth $25,000. SRS Capital Advisors Inc. bought a new position in Everus in the fourth quarter valued at $26,000. Principal Securities Inc. purchased a new stake in Everus during the fourth quarter valued at about $27,000. HighMark Wealth Management LLC bought a new stake in Everus during the fourth quarter worth about $28,000. Finally, Crews Bank & Trust bought a new position in shares of Everus during the 4th quarter valued at about $29,000.

Everus Stock Performance

Shares of ECG stock traded up $2.67 during trading hours on Tuesday, reaching $60.25. The company's stock had a trading volume of 285,396 shares, compared to its average volume of 726,729. The firm's fifty day simple moving average is $45.26 and its 200 day simple moving average is $54.32. Everus has a one year low of $31.38 and a one year 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 issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million during the quarter, compared to analysts' expectations of $676.35 million. The business's revenue was up 32.1% compared to the same quarter last year. On average, research analysts expect that Everus will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. DA Davidson boosted 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.

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.