Bleakley Financial Group LLC Takes Position in Everus (NYSE:ECG)

Bleakley Financial Group LLC acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,796 shares of the company's stock, valued at approximately $1,893,000. Bleakley Financial Group LLC owned about 0.06% of Everus as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ECG. Hennessy Advisors Inc. acquired a new position in shares of Everus during the 4th quarter worth about $31,611,000. Moody Aldrich Partners LLC acquired a new stake in shares of Everus in the fourth quarter valued at about $4,359,000. Register Financial Advisors LLC acquired a new position in shares of Everus during the 4th quarter worth approximately $3,167,000. Calamos Advisors LLC acquired a new stake in Everus in the fourth quarter valued at $1,895,000. Finally, Swedbank AB bought a new position in shares of Everus in the 4th quarter valued at about $1,644,000.

Everus Stock Down 2.3 %

Shares of ECG traded down $1.60 during midday trading on Tuesday, reaching $68.32. 456,506 shares of the stock were exchanged, compared to its average volume of 584,548. Everus has a twelve month low of $40.05 and a twelve month high of $77.93. The firm has a 50 day moving average of $68.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58.

Everus (NYSE:ECG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, equities analysts expect that Everus will post 2.87 EPS for the current year.

Wall Street Analyst Weigh In

ECG has been the subject of several recent analyst reports. Wolfe Research assumed coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating for the company. DA Davidson began coverage on Everus in a research report on Monday, November 4th. They issued a "neutral" rating and a $55.00 price objective for the company. Oppenheimer boosted their target price on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus raised their price target on Everus from $78.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 24th.

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.