Gotham Asset Management LLC Purchases Shares of 6,452 Everus (NYSE:ECG)

Gotham Asset Management LLC purchased a new stake in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,452 shares of the company's stock, valued at approximately $424,000.

Several other large investors also recently made changes to their positions in ECG. Vanguard Group Inc. acquired a new stake in shares of Everus in the fourth quarter valued at approximately $365,965,000. Dimensional Fund Advisors LP bought a new stake in Everus during the fourth quarter worth approximately $120,578,000. Invesco Ltd. bought a new stake in Everus during the fourth quarter worth approximately $65,337,000. Alliancebernstein L.P. bought a new stake in Everus during the fourth quarter worth approximately $53,131,000. Finally, American Century Companies Inc. bought a new stake in Everus during the fourth quarter worth approximately $49,650,000.

Everus Stock Performance

Everus stock opened at $59.31 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a 1 year low of $31.38 and a 1 year high of $77.93. The firm's 50 day moving average price is $41.47 and its two-hundred day moving average price is $54.34.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.29. The business had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. The business's revenue for the quarter was up 32.1% compared to the same quarter last year. Sell-side analysts forecast that Everus will post 2.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the transaction, the director now owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the purchase, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This trade represents a 30.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday. DA Davidson boosted their target price on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th.

Everus 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.

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