Vanguard Group Inc. Takes Position in Everus (NYSE:ECG)

Vanguard Group Inc. acquired a new position in shares of Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,566,002 shares of the company’s stock, valued at approximately $365,965,000. Vanguard Group Inc. owned about 10.92% of Everus at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Forza Wealth Management LLC acquired a new stake in shares of Everus during the fourth quarter worth about $336,000. Mendota Financial Group LLC bought a new stake in shares of Everus during the fourth quarter worth $36,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Everus during the fourth quarter worth $292,000. Hennessy Advisors Inc. bought a new stake in Everus in the 4th quarter valued at $31,611,000. Finally, Brady Martz Wealth Solutions LLC acquired a new position in Everus in the 4th quarter worth $472,000.

Insider Buying and Selling

In other news, CFO Maximillian J. Marcy purchased 1,300 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought 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 owns 5,508 shares of the company’s stock, valued at approximately $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward A. Ryan purchased 1,400 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 3,750 shares of company stock valued at $153,853 over the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Oppenheimer increased their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Everus from $85.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, February 13th.

Everus Stock Performance

Shares of ECG stock opened at $38.18 on Thursday. Everus has a 12-month low of $33.90 and a 12-month high of $77.93. The stock’s 50 day moving average is $49.18. 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) last posted its earnings results 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). As a group, equities analysts anticipate that Everus will post 2.49 EPS 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.