Squarepoint Ops LLC purchased a new stake in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,479 shares of the company's stock, valued at approximately $623,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $16,241,000. Yousif Capital Management LLC acquired a new stake in Everus in the 4th quarter valued at approximately $1,326,000. Deutsche Bank AG acquired a new stake in Everus in the 4th quarter valued at approximately $1,192,000. Principal Securities Inc. bought a new position in Everus in the 4th quarter worth approximately $27,000. Finally, Truist Financial Corp acquired a new position in shares of Everus during the fourth quarter worth approximately $421,000.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. DA Davidson increased their target price on shares of Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus lifted their price objective on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday, May 16th.
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Everus Price Performance
Shares of NYSE:ECG traded up $1.09 during trading on Friday, reaching $61.49. The stock had a trading volume of 86,154 shares, compared to its average volume of 716,730. The business's 50-day moving average price is $46.70 and its 200 day moving average price is $54.40. 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 has a 52 week low of $31.38 and a 52 week high of $77.93.
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 the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to the consensus estimate of $676.35 million. Everus's quarterly revenue was up 32.1% compared to the same quarter last year. On average, equities analysts anticipate that Everus will post 2.49 EPS for the current fiscal year.
Everus Company Profile
(
Free Report)
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.
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