Lazard Asset Management LLC Makes New $696,000 Investment in Everus (NYSE:ECG)

Lazard Asset Management LLC purchased a new position in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,607 shares of the company's stock, valued at approximately $696,000.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in shares of Everus during the 4th quarter worth approximately $16,241,000. Yousif Capital Management LLC purchased a new stake in shares of Everus during the 4th quarter worth approximately $1,326,000. Principal Securities Inc. purchased a new stake in shares of Everus during the 4th quarter worth approximately $27,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Everus during 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.

Insider Buying and Selling at Everus

In other news, Director Edward A. Ryan purchased 1,400 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. This trade represents a 10.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was 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 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. Insiders own 0.21% of the company's stock.

Everus Price Performance

ECG traded down $0.59 on Friday, hitting $56.80. The company's stock had a trading volume of 365,465 shares, compared to its average volume of 740,180. The company's 50 day simple moving average is $43.02 and its 200-day simple moving average is $54.45. Everus has a 12 month low of $31.38 and a 12 month high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG - Get Free Report) last released 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 business had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. The firm'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 fiscal year.

Wall Street Analyst Weigh In

ECG has been the subject of several analyst reports. DA Davidson raised 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 raised 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 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.