MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys Shares of 350,938 Everus (NYSE:ECG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 350,938 shares of the company's stock, valued at approximately $23,074,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.69% of Everus at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ECG. Lazard Asset Management LLC bought a new position in shares of Everus in the fourth quarter valued at $696,000. Ionic Capital Management LLC acquired a new stake in shares of Everus in the 4th quarter worth about $1,184,000. Janus Henderson Group PLC bought a new position in Everus in the 4th quarter valued at about $2,581,000. Jefferies Financial Group Inc. bought a new position in Everus in the 4th quarter valued at about $801,000. Finally, Gotham Asset Management LLC acquired a new position in Everus during the 4th quarter valued at about $424,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on ECG. Stifel Nicolaus boosted their price objective on Everus from $55.00 to $71.00 and gave the stock a "buy" rating in a report on Friday. DA Davidson lifted their target price on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a research report on Thursday.

Everus Stock Down 3.0%

Shares of ECG stock traded down $1.86 on Friday, hitting $59.39. The stock had a trading volume of 693,310 shares, compared to its average volume of 749,154. 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 business has a 50 day moving average of $41.05 and a 200 day moving average of $54.31. Everus has a 12-month low of $31.38 and a 12-month high of $77.93.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. The firm's revenue for the quarter was up 32.1% on a year-over-year basis. Equities research analysts anticipate that Everus will post 2.49 EPS for the current year.

Insider Activity

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now owns 14,928 shares of the company's stock, valued at approximately $567,562.56. The trade was a 10.35% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,750 shares of company stock valued at $153,853 over the last three months. 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.