20,932 Shares in Everus (NYSE:ECG) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,932 shares of the company's stock, valued at approximately $1,376,000.

A number of other hedge funds also recently modified their holdings of ECG. SRS Capital Advisors Inc. acquired a new position in Everus in the 4th quarter valued at about $26,000. Principal Securities Inc. acquired a new position in shares of Everus in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC bought a new position in shares of Everus during the fourth quarter worth approximately $28,000. Crews Bank & Trust acquired a new stake in Everus during the 4th quarter worth approximately $29,000. Finally, Quarry LP bought a new stake in Everus in the 4th quarter valued at $36,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ECG shares. DA Davidson increased their price objective on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Stifel Nicolaus lifted their price objective on shares of Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a research note on Friday, May 16th.

Everus Trading Down 1.6%

Everus stock traded down $0.97 during mid-day trading on Wednesday, reaching $58.48. 43,099 shares of the company were exchanged, compared to its average volume of 743,428. The company has a fifty day simple moving average of $43.74 and a 200-day simple moving average of $54.39. 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.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 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 the consensus estimate of $676.35 million. The business's quarterly revenue was up 32.1% compared to the same quarter last year. As a group, equities analysts anticipate 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.