Cascade Investment Advisors Inc. acquired a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,350 shares of the company's stock, valued at approximately $1,272,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Forza Wealth Management LLC bought a new position in shares of Everus during the fourth quarter worth about $336,000. Mendota Financial Group LLC bought a new position in shares of Everus during the fourth quarter worth about $36,000. SeaCrest Wealth Management LLC bought a new position in shares of Everus during the fourth quarter worth about $292,000. Hennessy Advisors Inc. bought a new position in shares of Everus during the fourth quarter worth about $31,611,000. Finally, Brady Martz Wealth Solutions LLC bought a new position in shares of Everus during the fourth quarter worth about $472,000.
Everus Price Performance
Shares of NYSE:ECG traded down $2.68 during trading hours on Friday, hitting $67.81. The stock had a trading volume of 239,498 shares, compared to its average volume of 619,410. The firm has a fifty day moving average price of $68.22. Everus has a 1-year low of $40.05 and a 1-year high of $77.93. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The firm had revenue of $760.99 million during the quarter. Analysts anticipate that Everus will post 2.83 earnings per share for the current year.
Wall Street Analyst Weigh In
ECG has been the topic of several research reports. DA Davidson initiated coverage on shares of Everus in a research note on Monday, November 4th. They set a "neutral" rating and a $55.00 price objective on the stock. Wolfe Research initiated coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a "peer perform" rating on the stock. Stifel Nicolaus increased their price objective on shares of Everus from $78.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Oppenheimer increased their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th.
View Our Latest Analysis on ECG
About Everus
(
Free Report)
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.
Featured Stories
Before you consider Everus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Everus wasn't on the list.
While Everus currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
