411,113 Shares in Everus (NYSE:ECG) Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new position in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 411,113 shares of the company's stock, valued at approximately $27,031,000. Charles Schwab Investment Management Inc. owned about 0.81% of Everus at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in Everus during the 4th quarter worth $16,241,000. Yousif Capital Management LLC bought a new stake in Everus during the 4th quarter valued at approximately $1,326,000. Principal Securities Inc. bought a new stake in Everus during the 4th quarter valued at approximately $27,000. Cascade Investment Advisors Inc. acquired a new stake in Everus in the 4th quarter valued at approximately $1,272,000. Finally, Register Financial Advisors LLC bought a new position in Everus in the 4th quarter worth approximately $3,167,000.

Insiders Place Their Bets

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

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Analysts Set New Price Targets

Several research firms have recently weighed in on ECG. Wolfe Research assumed coverage on Everus in a research report on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Stifel Nicolaus cut their price target on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Oppenheimer lifted their price objective on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th.

Everus Price Performance

Shares of Everus stock traded down $0.88 during trading on Friday, hitting $39.32. 748,561 shares of the company's stock traded hands, compared to its average volume of 717,659. The business's fifty day simple moving average is $54.89. Everus has a twelve month low of $36.96 and a twelve month high of $77.93. 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 released its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). As a group, research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

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.