Advisors Asset Management Inc. Invests $3.89 Million in Everus (NYSE:ECG)

Advisors Asset Management Inc. 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 firm acquired 59,212 shares of the company's stock, valued at approximately $3,893,000. Advisors Asset Management Inc. owned about 0.12% of Everus as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ECG. SRS Capital Advisors Inc. purchased a new position in shares of Everus in the 4th quarter worth about $26,000. Principal Securities Inc. bought a new position in Everus in the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC purchased a new position in Everus in the 4th quarter valued at approximately $28,000. Crews Bank & Trust purchased a new position in Everus in the 4th quarter valued at approximately $29,000. Finally, Mendota Financial Group LLC bought a new stake in Everus during the 4th quarter valued at $36,000.

Everus Trading Down 6.6 %

Shares of Everus stock traded down $2.73 during trading on Tuesday, hitting $38.62. The stock had a trading volume of 463,891 shares, compared to its average volume of 714,665. 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 has a 12 month low of $36.96 and a 12 month high of $77.93. The company's 50-day moving average price is $53.89.

Everus (NYSE:ECG - Get Free Report) last released its quarterly earnings results 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). Equities research analysts forecast that Everus will post 2.49 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

ECG has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. 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. Finally, Wolfe Research assumed coverage on shares of Everus in a report on Tuesday, December 3rd. They issued a "peer perform" rating on the stock.

Insider Activity at Everus

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

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.