Jane Street Group LLC Buys Shares of 25,076 Everus (NYSE:ECG)

Jane Street Group LLC purchased a new position in Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,076 shares of the company’s stock, valued at approximately $1,649,000.

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

Everus Stock Performance

Shares of ECG opened at $59.39 on Monday. Everus has a 52-week low of $31.38 and a 52-week high of $77.93. The company has a 50-day simple moving average of $41.05 and a 200-day simple moving average of $54.31. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $676.35 million. Everus’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, analysts predict that Everus will post 2.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Edward A. Ryan purchased 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the purchase, the director now owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. The trade was a 107.47% increase in their position. 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.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ECG shares. Stifel Nicolaus upped their target price on shares of Everus from $55.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday. DA Davidson boosted their price target on shares of Everus from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday.

Everus 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.