10,487 Shares in Everus (NYSE:ECG) Purchased by Voya Investment Management LLC

Voya Investment Management 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,487 shares of the company's stock, valued at approximately $690,000.

A number of other institutional investors have also added to or reduced their stakes in ECG. Brasada Capital Management LP purchased a new stake in shares of Everus in the 4th quarter valued at about $527,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Everus during the 4th quarter valued at about $2,127,000. Hsbc Holdings PLC purchased a new position in shares of Everus during the 4th quarter valued at about $772,000. Stifel Financial Corp bought a new position in Everus during the 4th quarter worth approximately $1,264,000. Finally, Tower Research Capital LLC TRC bought a new position in Everus during the 4th quarter worth approximately $411,000.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price target on Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th.

Everus Price Performance

Shares of ECG stock traded up $11.27 during trading hours on Wednesday, reaching $62.69. The company's stock had a trading volume of 1,795,395 shares, compared to its average volume of 733,874. Everus has a one year low of $31.38 and a one year high of $77.93. The business's fifty day moving average is $39.76. 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 (NYSE:ECG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.72 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 the consensus estimate of $676.35 million. On average, equities research analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the transaction, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. The trade was a 30.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction that occurred 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 transaction, the director now owns 14,928 shares of the company's stock, valued at $567,562.56. The trade was a 10.35% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,750 shares of company stock valued at $153,853. 0.21% of the stock is currently owned by corporate insiders.

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.