Millennium Management LLC Purchases New Holdings in Everus (NYSE:ECG)

Millennium Management LLC acquired a new stake in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 171,293 shares of the company's stock, valued at approximately $11,263,000. Millennium Management LLC owned 0.34% of Everus at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new position in Everus in the fourth quarter valued at approximately $26,000. Principal Securities Inc. bought a new position in Everus in the fourth quarter valued at $27,000. HighMark Wealth Management LLC acquired a new position in Everus during the fourth quarter valued at approximately $28,000. Crews Bank & Trust bought a new position in Everus during the fourth quarter worth about $29,000. Finally, Quarry LP acquired a new stake in Everus during the 4th quarter valued at $36,000.

Everus Price Performance

Everus stock traded up $2.75 during mid-day trading on Tuesday, reaching $59.45. The company's stock had a trading volume of 673,381 shares, compared to its average volume of 739,703. The firm's fifty day moving average price is $43.36 and its two-hundred day moving average price is $54.35. 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 has a 12-month low of $31.38 and a 12-month high of $77.93.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share 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. Everus's revenue was up 32.1% compared to the same quarter last year. As a group, equities analysts forecast that Everus will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ECG. Stifel Nicolaus boosted their target price on shares of Everus from $55.00 to $71.00 and gave the company a "buy" rating in a research report on Friday, May 16th. DA Davidson boosted their target price on shares of Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th.

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.