NewEdge Advisors LLC Buys Shares of 16,277 Everus (NYSE:ECG)

NewEdge Advisors LLC acquired a new position in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,277 shares of the company's stock, valued at approximately $1,070,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ECG. Vanguard Group Inc. acquired a new stake in shares of Everus during the 4th quarter worth approximately $365,965,000. Invesco Ltd. purchased a new position in shares of Everus during the 4th quarter valued at approximately $65,337,000. Alliancebernstein L.P. purchased a new position in shares of Everus during the 4th quarter valued at approximately $53,131,000. American Century Companies Inc. purchased a new position in shares of Everus during the 4th quarter valued at approximately $49,650,000. Finally, Norges Bank purchased a new position in shares of Everus during the 4th quarter valued at approximately $34,672,000.

Everus Trading Down 1.0 %

ECG stock traded down $0.41 during midday trading on Wednesday, reaching $40.23. The stock had a trading volume of 449,467 shares, compared to its average volume of 723,787. The firm has a fifty day moving average price of $38.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. 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 quarterly earnings data 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). Research analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ECG shares. Stifel Nicolaus decreased their target price 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 increased their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th.

Insider Buying and Selling at Everus

In related news, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maximillian J. Marcy purchased 1,300 shares of Everus stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 3,750 shares of company stock worth $153,853. Corporate insiders own 0.21% of the company's stock.

Everus 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.