755,131 Shares in Everus (NYSE:ECG) Bought by American Century Companies Inc.

American Century Companies Inc. purchased a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 755,131 shares of the company's stock, valued at approximately $49,650,000. American Century Companies Inc. owned 1.48% of Everus at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

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Everus Trading Up 3.3 %

Shares of NYSE:ECG traded up $1.14 on Friday, reaching $36.11. The company had a trading volume of 943,846 shares, compared to its average volume of 738,361. 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 $33.90 and a 52-week high of $77.93. The business has a 50 day moving average of $51.30.

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

Insider Transactions at Everus

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the transaction, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at $214,756.92. This trade represents a 30.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rocca Michael Della bought 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the purchase, the director now 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. Insiders have bought a total of 3,750 shares of company stock valued at $153,853 in the last 90 days.

About Everus

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.