Rivermont Capital Management LP Purchases Shares of 232,766 Everus (NYSE:ECG)

Rivermont Capital Management LP bought a new position in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 232,766 shares of the company's stock, valued at approximately $15,304,000. Everus makes up about 5.8% of Rivermont Capital Management LP's holdings, making the stock its 7th largest holding. Rivermont Capital Management LP owned about 0.46% of Everus at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ECG. SRS Capital Advisors Inc. acquired a new stake in Everus during the 4th quarter valued at $26,000. Principal Securities Inc. acquired a new stake in Everus during the 4th quarter valued at $27,000. HighMark Wealth Management LLC acquired a new stake in Everus during the 4th quarter valued at $28,000. Crews Bank & Trust acquired a new stake in Everus during the 4th quarter valued at $29,000. Finally, Quarry LP acquired a new stake in Everus during the 4th quarter valued at $36,000.

Insider Transactions at Everus

In other news, Director Edward A. Ryan purchased 1,400 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now directly owns 14,928 shares of the company's stock, valued at $567,562.56. This trade represents a 10.35% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the purchase, the chief financial officer now directly 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. Insiders have purchased 3,750 shares of company stock worth $153,853 in the last three months. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price target on Everus from $55.00 to $71.00 and gave the company 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 note on Thursday.

Everus Stock Performance

Shares of NYSE ECG traded down $0.17 during midday trading on Monday, hitting $59.31. The stock had a trading volume of 483,468 shares, compared to its average volume of 747,186. The company's 50-day simple moving average is $41.05 and its 200 day simple moving average is $54.31. Everus has a fifty-two week low of $31.38 and a fifty-two week high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $676.35 million. The business's quarterly revenue was up 32.1% on a year-over-year basis. Equities analysts anticipate that Everus will post 2.49 earnings per share for the current year.

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.