Two Sigma Advisers LP Acquires New Position in Everus (NYSE:ECG)

Two Sigma Advisers LP purchased a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,900 shares of the company's stock, valued at approximately $1,506,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. purchased a new stake in shares of Everus in the fourth quarter valued at approximately $16,241,000. Yousif Capital Management LLC bought a new position in shares of Everus during the 4th quarter worth $1,326,000. Deutsche Bank AG purchased a new position in shares of Everus during the fourth quarter valued at $1,192,000. Principal Securities Inc. bought a new stake in shares of Everus in the fourth quarter valued at about $27,000. Finally, SG Americas Securities LLC purchased a new stake in Everus in the fourth quarter worth about $669,000.

Everus Trading Down 0.5%

Shares of NYSE:ECG traded down $0.31 during trading on Wednesday, reaching $59.89. The stock had a trading volume of 339,278 shares, compared to its average volume of 724,075. The firm's 50-day simple moving average is $46.24 and its 200 day simple moving average is $54.40. 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 one year low of $31.38 and a one year 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to analysts' expectations of $676.35 million. The firm's quarterly revenue was up 32.1% compared to the same quarter last year. As a group, equities research analysts expect that Everus will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson boosted their price target on shares of Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Stifel Nicolaus boosted 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 Company 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.