Swedbank AB Purchases Shares of 25,000 Everus (NYSE:ECG)

Swedbank AB bought a new position in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,000 shares of the company's stock, valued at approximately $1,644,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mendota Financial Group LLC purchased a new position in shares of Everus during the 4th quarter valued at $36,000. KBC Group NV bought a new stake in Everus in the 4th quarter valued at about $150,000. SeaCrest Wealth Management LLC purchased a new stake in Everus during the fourth quarter valued at about $292,000. Cascade Investment Group Inc. bought a new position in Everus during the fourth quarter worth about $329,000. Finally, Forza Wealth Management LLC purchased a new position in shares of Everus in the fourth quarter worth about $336,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on ECG shares. Oppenheimer increased their target price on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus raised their target price on Everus from $78.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Wolfe Research started coverage on Everus in a research report on Tuesday, December 3rd. They issued a "peer perform" rating on the stock. Finally, DA Davidson began coverage on Everus in a report on Monday, November 4th. They issued a "neutral" rating and a $55.00 target price for the company.

Everus Stock Up 2.3 %

ECG stock traded up $1.58 during midday trading on Thursday, reaching $70.66. 282,229 shares of the company's stock traded hands, compared to its average volume of 604,276. 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 has a 52-week low of $40.05 and a 52-week high of $77.93. The stock's 50-day moving average is $68.61.

Everus (NYSE:ECG - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The company had revenue of $760.99 million during the quarter. On average, research analysts expect that Everus will post 2.83 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.