Everus (NYSE:ECG) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Everus (NYSE:ECG) by 14,573.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,705 shares of the company’s stock after purchasing an additional 26,523 shares during the quarter. GAMMA Investing LLC owned 0.05% of Everus worth $990,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc acquired a new stake in shares of Everus in the first quarter valued at approximately $213,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Everus in the fourth quarter valued at $333,000. Wood Tarver Financial Group LLC acquired a new stake in Everus in the fourth quarter valued at $75,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Everus during the fourth quarter worth about $3,066,000. Finally, Jefferies Financial Group Inc. acquired a new position in Everus in the 4th quarter valued at about $801,000.

Wall Street Analysts Forecast Growth

ECG has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Everus from $58.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Stifel Nicolaus boosted their price target on Everus from $55.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 16th.

Everus Price Performance

Shares of NYSE ECG opened at $59.76 on Tuesday. 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 moving average price of $50.16 and a 200 day moving average price of $54.12. Everus has a 12-month low of $31.38 and a 12-month high of $77.93.

Everus (NYSE:ECG) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to the consensus estimate of $676.35 million. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, analysts expect that Everus will post 2.49 EPS for the current fiscal year.

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.