Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Everus (NYSE:ECG)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 46,635 shares of the company's stock, valued at approximately $3,066,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Everus at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. bought a new position in shares of Everus during the fourth quarter valued at about $16,241,000. Yousif Capital Management LLC bought a new stake in Everus in the fourth quarter worth about $1,326,000. Deutsche Bank AG bought a new stake in Everus in the fourth quarter worth about $1,192,000. Principal Securities Inc. bought a new stake in Everus in the fourth quarter worth about $27,000. Finally, Truist Financial Corp bought a new stake in Everus in the fourth quarter worth about $421,000.

Everus Price Performance

NYSE:ECG traded up $0.97 during mid-day trading on Friday, hitting $61.37. 230,361 shares of the stock traded hands, compared to its average volume of 717,651. The business's 50-day moving average price is $47.18 and its 200 day moving average price is $54.40. Everus has a 12-month low of $31.38 and a 12-month high of $77.93. 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 (NYSE:ECG - Get Free Report) last released 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 analysts' expectations of $676.35 million. Everus's revenue was up 32.1% on a year-over-year basis. Research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ECG. DA Davidson lifted their price objective on shares of 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 report 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.