Ionic Capital Management LLC Makes New Investment in Everus (NYSE:ECG)

Ionic Capital Management LLC purchased a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 18,006 shares of the company's stock, valued at approximately $1,184,000.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Everus during the fourth quarter worth about $16,241,000. Yousif Capital Management LLC bought a new stake in shares of Everus in the 4th quarter worth approximately $1,326,000. Principal Securities Inc. acquired a new stake in shares of Everus during the 4th quarter worth approximately $27,000. Cascade Investment Advisors Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $1,272,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Everus during the fourth quarter valued at approximately $3,167,000.

Insider Activity

In other Everus news, CFO Maximillian J. Marcy purchased 1,300 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This trade represents a 30.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Rocca Michael Della acquired 1,050 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,750 shares of company stock worth $153,853. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

ECG has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday.

Everus Trading Down 3.0%

Shares of ECG stock traded down $1.86 during trading hours on Friday, hitting $59.39. The company had a trading volume of 693,310 shares, compared to its average volume of 749,153. Everus has a 12 month low of $31.38 and a 12 month 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. The firm's fifty day moving average is $40.62 and its 200 day moving average is $54.27.

Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. As a group, equities research analysts forecast that Everus will post 2.49 EPS for the current year.

About Everus

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.