105,529 Shares in Everus (NYSE:ECG) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 105,529 shares of the company's stock, valued at approximately $6,939,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Everus at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC bought a new position in Everus during the fourth quarter valued at about $623,000. Two Sigma Advisers LP bought a new position in Everus during the fourth quarter valued at about $1,506,000. Two Sigma Investments LP bought a new position in Everus during the fourth quarter valued at about $5,939,000. Silvercrest Asset Management Group LLC bought a new position in Everus during the fourth quarter valued at about $16,243,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Everus during the fourth quarter valued at about $80,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ECG. Stifel Nicolaus raised their target price on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday, May 16th. DA Davidson raised their price target on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th.

Everus Stock Up 1.0%

Shares of NYSE:ECG traded up $0.58 during midday trading on Thursday, hitting $60.36. The company's stock had a trading volume of 267,141 shares, compared to its average volume of 720,966. The stock's 50 day simple moving average is $46.70 and its 200 day simple moving average is $54.40. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. 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 (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. The firm had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. Everus's revenue was up 32.1% compared to the same quarter last year. As a group, equities analysts forecast that Everus will post 2.49 earnings per share 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.