Moors & Cabot Inc. Invests $1.12 Million in Everus (NYSE:ECG)

Moors & Cabot Inc. bought a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,090 shares of the company's stock, valued at approximately $1,124,000.

A number of other hedge funds have also made changes to their positions in the stock. Hennessy Advisors Inc. acquired a new stake in Everus during the fourth quarter valued at $31,611,000. US Bancorp DE purchased a new stake in shares of Everus during the 4th quarter worth about $28,332,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Everus during the 4th quarter valued at about $27,031,000. Principal Financial Group Inc. bought a new stake in shares of Everus in the 4th quarter valued at approximately $16,241,000. Finally, M&T Bank Corp acquired a new position in Everus in the fourth quarter worth approximately $5,147,000.

Insider Buying and Selling at Everus

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now owns 2,027 shares of the company's stock, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 3,750 shares of company stock worth $153,853 over the last ninety days.

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Analyst Ratings Changes

A number of research firms have issued reports on ECG. Wolfe Research started coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Stifel Nicolaus reduced their price objective on shares of Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Oppenheimer increased their target price on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th.

Everus Stock Up 2.5 %

Everus stock traded up $0.95 during trading hours on Monday, reaching $39.00. 635,213 shares of the company were exchanged, compared to its average volume of 757,610. Everus has a 12 month low of $37.00 and a 12 month high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $57.16.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). Equities analysts expect that Everus will post 2.49 earnings per share for the current year.

About Everus

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.