Hsbc Holdings PLC Invests $772,000 in Everus (NYSE:ECG)

Hsbc Holdings PLC acquired a new position in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,670 shares of the company's stock, valued at approximately $772,000.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp purchased a new position in shares of Everus in the 4th quarter worth about $1,264,000. Tower Research Capital LLC TRC purchased a new stake in Everus in the fourth quarter worth approximately $411,000. First Trust Advisors LP bought a new position in Everus during the fourth quarter valued at approximately $1,416,000. Dimensional Fund Advisors LP purchased a new position in shares of Everus during the fourth quarter worth approximately $120,578,000. Finally, Alpha Wave Global LP bought a new stake in shares of Everus in the 4th quarter worth approximately $9,091,000.

Insider Transactions at Everus

In other Everus news, 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, with a total value of $50,687.00. Following the transaction, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at $214,756.92. This represents a 30.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the transaction, the director now owns 14,928 shares in the company, valued at $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 3,750 shares of company stock valued at $153,853. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ECG shares. Stifel Nicolaus reduced their target price on shares of Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th.

Everus Stock Up 5.6 %

Shares of ECG stock opened at $45.26 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $38.76. Everus has a 52 week low of $31.38 and a 52 week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Equities 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.

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