First Manhattan CO. LLC. Acquires New Holdings in Everus (NYSE:ECG)

First Manhattan CO. LLC. bought a new stake in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 35,502 shares of the company's stock, valued at approximately $2,334,000. First Manhattan CO. LLC. owned approximately 0.07% of Everus at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new position in shares of Everus during the 4th quarter worth approximately $26,000. Principal Securities Inc. purchased a new stake in shares of Everus in the fourth quarter valued at $27,000. HighMark Wealth Management LLC acquired a new stake in shares of Everus during the fourth quarter valued at $28,000. Crews Bank & Trust purchased a new stake in Everus during the 4th quarter worth about $29,000. Finally, Mendota Financial Group LLC acquired a new position in Everus in the 4th quarter valued at about $36,000.

Everus Stock Down 0.5 %

Shares of NYSE:ECG opened at $48.02 on Friday. The firm has a fifty day simple moving average of $39.31. Everus has a 52 week low of $31.38 and a 52 week high of $77.93. 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 (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). On average, equities analysts forecast that Everus will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price target on shares of Everus from $67.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insider Buying and Selling

In related news, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maximillian J. Marcy bought 1,300 shares of Everus stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the transaction, the chief financial officer now owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This represents a 30.89 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 3,750 shares of company stock valued at $153,853. 0.21% of the stock is currently owned by corporate insiders.

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.

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