Focus Partners Advisor Solutions LLC Takes $537,000 Position in Everus (NYSE:ECG)

Focus Partners Advisor Solutions LLC purchased a new position in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,162 shares of the company's stock, valued at approximately $537,000.

Several other large investors have also modified their holdings of ECG. Dakota Wealth Management purchased a new position in shares of Everus during the 4th quarter worth about $1,219,000. SG Americas Securities LLC purchased a new position in shares of Everus during the 4th quarter worth about $669,000. Register Financial Advisors LLC purchased a new position in shares of Everus during the 4th quarter worth about $3,167,000. KBC Group NV purchased a new position in shares of Everus during the 4th quarter worth about $150,000. Finally, Cascade Investment Advisors Inc. purchased a new position in shares of Everus during the 4th quarter worth about $1,272,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Stifel Nicolaus increased their price objective on shares of Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, May 16th.

Everus Price Performance

NYSE ECG traded down $0.59 during mid-day trading on Thursday, hitting $58.20. The company's stock had a trading volume of 74,701 shares, compared to its average volume of 732,350. Everus has a 52-week low of $31.38 and a 52-week high of $77.93. The stock's fifty day simple moving average is $44.13 and its two-hundred day simple moving average is $54.42. 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 (NYSE:ECG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating 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 business's revenue for the quarter was up 32.1% compared to the same quarter last year. Equities research analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

About Everus

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.