Cetera Investment Advisers Invests $1.05 Million in Everus (NYSE:ECG)

Cetera Investment Advisers bought a new stake in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,908 shares of the company's stock, valued at approximately $1,046,000.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Everus in the fourth quarter worth about $16,241,000. Yousif Capital Management LLC purchased a new position in Everus during the 4th quarter valued at approximately $1,326,000. Principal Securities Inc. bought a new stake in Everus in the 4th quarter worth approximately $27,000. Cascade Investment Advisors Inc. bought a new stake in Everus in the 4th quarter worth approximately $1,272,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Everus during the 4th quarter worth approximately $3,167,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ECG shares. Stifel Nicolaus raised 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 price objective on shares of Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th.

Everus Stock Performance

ECG stock traded down $0.75 during mid-day trading on Thursday, reaching $58.03. 307,062 shares of the stock traded hands, compared to its average volume of 733,959. The business has a 50-day moving average price of $44.46 and a two-hundred day moving average price of $54.38. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a one year low of $31.38 and a one year high of $77.93.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to analysts' expectations of $676.35 million. Everus's quarterly revenue was up 32.1% on a year-over-year basis. As a group, analysts forecast 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.