Janus Henderson Group PLC Makes New $2.58 Million Investment in Everus (NYSE:ECG)

Janus Henderson Group PLC acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,250 shares of the company's stock, valued at approximately $2,581,000. Janus Henderson Group PLC owned 0.08% of Everus at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ECG. Dakota Wealth Management acquired a new position in Everus during the 4th quarter valued at $1,219,000. SG Americas Securities LLC acquired a new position in shares of Everus during the fourth quarter valued at about $669,000. Register Financial Advisors LLC bought a new stake in shares of Everus in the fourth quarter valued at about $3,167,000. KBC Group NV acquired a new stake in Everus during the fourth quarter worth about $150,000. Finally, Cascade Investment Advisors Inc. acquired a new stake in Everus during the fourth quarter worth about $1,272,000.

Insiders Place Their Bets

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

Everus Trading Down 0.3%

NYSE:ECG opened at $59.06 on Wednesday. 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 has a 12-month low of $31.38 and a 12-month high of $77.93. The firm has a 50-day moving average price of $41.89 and a 200 day moving average price of $54.38.

Everus (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. The company had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. Everus's revenue was up 32.1% on a year-over-year basis. Equities research analysts predict that Everus will post 2.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ECG. Stifel Nicolaus upped their price target on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday, May 16th. DA Davidson raised their target price on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research 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.

Want to see what other hedge funds are holding ECG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everus (NYSE:ECG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.