Amalgamated Bank Makes New Investment in Everus (NYSE:ECG)

Amalgamated Bank acquired a new position in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,866 shares of the company's stock, valued at approximately $1,043,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $27,000. HighMark Wealth Management LLC acquired a new position in shares of Everus during the fourth quarter worth $28,000. Crews Bank & Trust purchased a new position in shares of Everus in the fourth quarter valued at $29,000. Mendota Financial Group LLC acquired a new position in Everus in the 4th quarter worth $36,000. Finally, Blue Trust Inc. acquired a new position in shares of Everus in the fourth quarter worth about $38,000.

Everus Trading Up 0.2 %

Shares of NYSE:ECG traded up $0.10 during midday trading on Friday, reaching $39.64. The company had a trading volume of 249,119 shares, compared to its average volume of 710,758. The company has a fifty day simple moving average of $60.68. 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 1-year low of $37.18 and a 1-year high of $77.93.

Everus (NYSE:ECG - Get Free Report) last released its 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). Sell-side analysts forecast that Everus will post 2.49 earnings per share for the current year.

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Insider Activity at Everus

In other news, Director Rocca Michael Della purchased 1,050 shares of the business's stock in a transaction 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 acquisition, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 3,750 shares of company stock valued at $153,853.

Analyst Ratings Changes

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

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.