Mountaineer Partners Management LLC Purchases New Stake in Everus (NYSE:ECG)

Mountaineer Partners Management LLC bought a new stake 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 bought 162,722 shares of the company's stock, valued at approximately $10,699,000. Everus makes up approximately 7.8% of Mountaineer Partners Management LLC's investment portfolio, making the stock its 2nd largest position. Mountaineer Partners Management LLC owned about 0.32% of Everus as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in Everus during the 4th quarter valued at about $16,241,000. Yousif Capital Management LLC purchased a new stake in Everus during the 4th quarter valued at about $1,326,000. Principal Securities Inc. purchased a new stake in Everus during the 4th quarter valued at about $27,000. Cascade Investment Advisors Inc. purchased a new stake in Everus during the 4th quarter valued at about $1,272,000. Finally, Register Financial Advisors LLC purchased a new stake in Everus during the 4th quarter valued at about $3,167,000.

Insider Activity

In other news, Director Rocca Michael Della bought 1,050 shares of Everus 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 completion of the acquisition, the director now directly owns 2,027 shares of the company's stock, valued at $96,404.12. The trade was a 107.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward A. Ryan bought 1,400 shares of Everus stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. The trade was a 10.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,750 shares of company stock worth $153,853 in the last quarter. Corporate insiders own 0.21% of the company's stock.

Everus Price Performance

NYSE ECG traded down $1.86 during trading hours on Friday, reaching $59.39. The company's stock had a trading volume of 693,310 shares, compared to its average volume of 749,154. 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's 50-day moving average is $41.05 and its two-hundred day moving average is $54.31.

Everus (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to analysts' expectations of $676.35 million. The company's revenue for the quarter was up 32.1% on a year-over-year basis. On average, sell-side analysts anticipate that Everus will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ECG. DA Davidson boosted their price objective on Everus from $58.00 to $68.00 and gave the company a "neutral" rating in a report on Thursday. Stifel Nicolaus boosted their price objective on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday.

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.