8,100 Shares in Everus (NYSE:ECG) Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,100 shares of the company's stock, valued at approximately $533,000.

A number of other institutional investors also recently modified their holdings of the stock. Mountaineer Partners Management LLC acquired a new stake in Everus in the fourth quarter worth $10,699,000. Naya Capital Management UK Ltd. acquired a new stake in shares of Everus in the 4th quarter valued at about $48,619,000. Needham Investment Management LLC acquired a new stake in shares of Everus in the 4th quarter valued at about $7,578,000. Millennium Management LLC bought a new stake in Everus in the 4th quarter valued at about $11,263,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Everus during the 4th quarter worth approximately $23,074,000.

Insider Activity at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were 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 of the company's stock, valued at $567,562.56. The trade was a 10.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maximillian J. Marcy bought 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now owns 5,508 shares of the company's stock, 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. 0.21% of the stock is owned by insiders.

Everus Stock Up 1.6%

Shares of NYSE:ECG traded up $0.89 during midday trading on Thursday, hitting $57.70. 618,701 shares of the company's stock were exchanged, compared to its average volume of 742,895. The company has a current ratio of 1.58, a quick ratio of 1.50 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. The stock has a 50 day moving average price of $42.27 and a 200-day moving average price of $54.39.

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

Analyst Ratings Changes

Several brokerages have issued reports on ECG. DA Davidson increased their price target on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Stifel Nicolaus increased their target price on Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, May 16th.

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.