Nuveen Asset Management LLC Buys New Holdings in Everus (NYSE:ECG)

Nuveen Asset Management LLC acquired a new stake in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 126,274 shares of the company's stock, valued at approximately $8,303,000. Nuveen Asset Management LLC owned approximately 0.25% of Everus at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in Everus during the 4th quarter worth about $16,241,000. Yousif Capital Management LLC purchased a new position in Everus during the fourth quarter valued at approximately $1,326,000. Principal Securities Inc. purchased a new position in Everus during the fourth quarter valued at approximately $27,000. SG Americas Securities LLC bought a new position in Everus in the fourth quarter worth approximately $669,000. Finally, Truist Financial Corp purchased a new stake in Everus during the fourth quarter worth $421,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stifel Nicolaus lifted 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 price objective on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th.

Everus Stock Performance

Shares of ECG stock traded down $0.05 during trading hours on Friday, reaching $57.82. 545,768 shares of the company's stock were exchanged, compared to its average volume of 732,643. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The stock's 50 day moving average is $44.85 and its 200-day moving average is $54.36. 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 (NYSE:ECG - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 company's revenue was up 32.1% compared to the same quarter last year. On average, analysts expect that Everus will post 2.49 EPS for the current year.

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.