Hennessy Advisors Inc. purchased a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 480,775 shares of the company's stock, valued at approximately $31,611,000. Hennessy Advisors Inc. owned approximately 0.94% of Everus at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in Everus in the 4th quarter worth approximately $292,000. Mendota Financial Group LLC acquired a new stake in shares of Everus in the fourth quarter valued at approximately $36,000. Finally, Forza Wealth Management LLC purchased a new position in Everus during the fourth quarter worth approximately $336,000.
Everus Stock Performance
Shares of NYSE ECG traded up $3.45 during mid-day trading on Friday, reaching $69.74. 1,976,250 shares of the company's stock were exchanged, compared to its average volume of 492,445. The stock's 50-day moving average is $66.15. 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 $73.83.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Wolfe Research started coverage on shares of Everus in a research report on Tuesday, December 3rd. They set a "peer perform" rating for the company. Stifel Nicolaus lifted their target price on shares of Everus from $71.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, DA Davidson assumed coverage on shares of Everus in a research note on Monday, November 4th. They issued a "neutral" rating and a $55.00 price target for the company.
Check Out Our Latest Stock Analysis on ECG
Everus Profile
(
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.
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