Polar Asset Management Partners Inc. Buys New Holdings in Everus (NYSE:ECG)

Polar Asset Management Partners Inc. purchased a new position in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 95,600 shares of the company's stock, valued at approximately $6,286,000. Polar Asset Management Partners Inc. owned about 0.19% of Everus at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Everus during the 4th quarter worth about $365,965,000. Dimensional Fund Advisors LP purchased a new stake in shares of Everus during the 4th quarter worth $120,578,000. Invesco Ltd. purchased a new position in shares of Everus in the 4th quarter valued at about $65,337,000. Alliancebernstein L.P. purchased a new position in Everus in the fourth quarter valued at approximately $53,131,000. Finally, American Century Companies Inc. purchased a new position in shares of Everus in the 4th quarter valued at $49,650,000.

Insiders Place Their Bets

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the firm's 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 purchase, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. This represents a 10.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Rocca Michael Della acquired 1,050 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $47.56 per share, with a total value of $49,938.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 3,750 shares of company stock valued at $153,853 in the last ninety days. Insiders own 0.21% of the company's stock.

Everus Stock Down 0.3%

NYSE ECG traded down $0.17 during trading hours on Monday, reaching $59.31. The company's stock had a trading volume of 483,468 shares, compared to its average volume of 747,186. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The company's 50-day moving average is $41.05 and its two-hundred day moving average is $54.31. Everus has a fifty-two week low of $31.38 and a fifty-two week 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 the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. The business's quarterly revenue was up 32.1% on a year-over-year basis. As a group, research analysts forecast that Everus will post 2.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ECG shares. DA Davidson lifted their price target on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a research report on Thursday. Stifel Nicolaus increased their price target on shares of Everus from $55.00 to $71.00 and gave the stock 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.