Deutsche Bank AG Makes New Investment in Everus (NYSE:ECG)

Deutsche Bank AG acquired a new position in Everus (NYSE:ECG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,129 shares of the company’s stock, valued at approximately $1,192,000.

A number of other large investors also recently modified their holdings of ECG. SRS Capital Advisors Inc. bought a new position in shares of Everus during the 4th quarter valued at approximately $26,000. Principal Securities Inc. purchased a new position in Everus in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC purchased a new position in Everus in the fourth quarter valued at approximately $28,000. Crews Bank & Trust bought a new position in Everus during the fourth quarter valued at $29,000. Finally, Quarry LP purchased a new stake in Everus in the fourth quarter worth $36,000.

Everus Stock Performance

Shares of NYSE:ECG opened at $56.80 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $43.02 and a two-hundred day simple moving average of $54.40. Everus has a 12-month low of $31.38 and a 12-month high of $77.93.

Everus (NYSE:ECG) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.29. The business had revenue of $826.63 million during the quarter, compared to analysts’ expectations of $676.35 million. Everus’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares of the company’s stock, valued at $214,756.92. This trade represents a 30.89% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ECG shares. Stifel Nicolaus lifted their price target on Everus from $55.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 16th. DA Davidson raised their target price on Everus from $58.00 to $68.00 and gave the stock a “neutral” rating in a research note 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.