Two Sigma Investments LP Takes Position in Everus (NYSE:ECG)

Two Sigma Investments LP acquired a new stake in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 90,321 shares of the company's stock, valued at approximately $5,939,000. Two Sigma Investments LP owned about 0.18% of Everus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new position in shares of Everus during the 4th quarter worth approximately $365,965,000. Dimensional Fund Advisors LP purchased a new position in shares of Everus during the 4th quarter worth approximately $120,578,000. Invesco Ltd. purchased a new position in shares of Everus during the 4th quarter worth approximately $65,337,000. Alliancebernstein L.P. purchased a new position in shares of Everus during the 4th quarter worth approximately $53,131,000. Finally, American Century Companies Inc. purchased a new position in shares of Everus during the 4th quarter worth approximately $49,650,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ECG shares. DA Davidson increased their target price on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus raised their price objective on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, May 16th.

Everus Price Performance

Everus stock traded down $0.75 during mid-day trading on Thursday, hitting $58.03. 307,062 shares of the company were exchanged, compared to its average volume of 733,959. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The business's 50 day simple moving average is $44.13 and its two-hundred day simple moving average is $54.42. Everus has a 12-month low of $31.38 and a 12-month 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 for the quarter, topping the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to analysts' expectations of $676.35 million. Everus's revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Everus will post 2.49 EPS for the current year.

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.