The Manufacturers Life Insurance Company Acquires Shares of 12,952 Everus (NYSE:ECG)

The Manufacturers Life Insurance Company acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,952 shares of the company's stock, valued at approximately $852,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. bought a new stake in Everus in the fourth quarter valued at approximately $26,000. Principal Securities Inc. bought a new stake in Everus in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC bought a new stake in Everus in the fourth quarter valued at approximately $28,000. Crews Bank & Trust bought a new stake in Everus in the fourth quarter valued at approximately $29,000. Finally, Quarry LP bought a new stake in Everus in the fourth quarter valued at approximately $36,000.

Insider Buying and Selling

In other news, Director Edward A. Ryan bought 1,400 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost 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. This trade represents a 10.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. This represents a 30.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Everus Trading Up 0.2%

Shares of Everus stock traded up $0.14 on Tuesday, reaching $59.40. 22,230 shares of the company's stock were exchanged, compared to its average volume of 741,980. Everus has a 52 week low of $31.38 and a 52 week high of $77.93. The firm's 50-day moving average is $41.47 and its two-hundred day moving average is $54.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

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 analysts' consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million for the quarter, compared to the consensus estimate of $676.35 million. The business's revenue for the quarter was up 32.1% on a year-over-year basis. Analysts forecast that Everus will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on ECG shares. Stifel Nicolaus upped their target price on Everus from $55.00 to $71.00 and gave the company a "buy" rating in a report on Friday. DA Davidson increased their price target on Everus from $58.00 to $68.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th.

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.