Mariner LLC Makes New Investment in Everus (NYSE:ECG)

Mariner LLC acquired a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,737 shares of the company's stock, valued at approximately $377,000.

Several other large investors have also made changes to their positions in the business. SRS Capital Advisors Inc. acquired a new position in Everus in the 4th quarter valued at $26,000. Principal Securities Inc. acquired a new position in Everus during the fourth quarter worth about $27,000. HighMark Wealth Management LLC purchased a new stake in Everus during the 4th quarter valued at about $28,000. Crews Bank & Trust acquired a new stake in Everus in the 4th quarter valued at about $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus in the 4th quarter worth approximately $36,000.

Everus Stock Performance

Everus stock opened at $45.26 on Friday. Everus has a 1-year low of $31.38 and a 1-year high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The company has a fifty day simple moving average of $38.76.

Everus (NYSE:ECG - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). As a group, equities analysts forecast that Everus will post 2.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Maximillian J. Marcy purchased 1,300 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $38.99 per share, with a total value of $50,687.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rocca Michael Della bought 1,050 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 of the company's stock, valued at $96,404.12. The trade was a 107.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,750 shares of company stock valued at $153,853 over the last quarter. Corporate insiders own 0.21% of the company's stock.

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.

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