6,900 Shares in Everus (NYSE:ECG) Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. acquired a new position in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,900 shares of the company's stock, valued at approximately $454,000.

Other large investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new stake in Everus in the 4th quarter worth about $26,000. Principal Securities Inc. purchased a new stake in Everus in the 4th quarter worth about $27,000. HighMark Wealth Management LLC purchased a new stake in Everus in the 4th quarter worth about $28,000. Crews Bank & Trust purchased a new stake in Everus in the 4th quarter worth about $29,000. Finally, Mendota Financial Group LLC purchased a new stake in Everus in the 4th quarter worth about $36,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ECG shares. Oppenheimer lifted their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Wolfe Research started coverage on Everus in a report on Tuesday, December 3rd. They set a "peer perform" rating for the company.

Insider Activity

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the company's stock in a transaction dated 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 transaction, the director now owns 14,928 shares in the company, valued at $567,562.56. The trade was a 10.35 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rocca Michael Della bought 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now directly owns 2,027 shares in the company, valued at $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 3,750 shares of company stock worth $153,853.

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Everus Stock Down 2.2 %

ECG stock traded down $0.88 during mid-day trading on Friday, reaching $39.32. 1,697,751 shares of the company traded hands, compared to its average volume of 717,245. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Everus has a 52-week low of $36.96 and a 52-week high of $77.93. The company has a fifty day moving average price of $54.38.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). On average, equities analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Everus 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.