AlphaQuest LLC Takes $923,000 Position in Everus (NYSE:ECG)

AlphaQuest LLC acquired a new stake in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,043 shares of the company's stock, valued at approximately $923,000.

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

Insider Buying and Selling at Everus

In related news, CFO Maximillian J. Marcy purchased 1,300 shares of Everus stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the transaction, the chief financial officer now directly owns 5,508 shares in the company, valued at $214,756.92. This represents a 30.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rocca Michael Della acquired 1,050 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now owns 2,027 shares in the company, 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. Over the last ninety days, insiders acquired 3,750 shares of company stock valued at $153,853.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have commented on ECG shares. Wolfe Research initiated coverage on Everus in a research note on Tuesday, December 3rd. They set a "peer perform" rating on the stock. 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. Finally, Stifel Nicolaus lowered their target price on shares of Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th.

Everus Stock Performance

Shares of ECG traded up $0.17 during trading hours on Friday, hitting $37.96. The stock had a trading volume of 931,884 shares, compared to its average volume of 714,764. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 12 month low of $37.00 and a 12 month high of $77.93. The firm has a fifty day moving average price of $57.78.

Everus (NYSE:ECG - Get Free Report) last released 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). As a group, sell-side analysts anticipate that Everus will post 2.49 EPS for the current 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.