Angeles Wealth Management LLC purchased a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,370 shares of the company's stock, valued at approximately $550,000.
A number of other hedge funds have also recently bought and sold shares of ECG. Crews Bank & Trust purchased a new position in shares of Everus during the 4th quarter valued at approximately $29,000. Mendota Financial Group LLC acquired a new stake in Everus in the fourth quarter valued at $36,000. Empowered Funds LLC bought a new position in Everus during the 4th quarter valued at $110,000. KBC Group NV acquired a new position in Everus during the 4th quarter worth $150,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Everus in the 4th quarter worth about $292,000.
Everus Trading Down 11.4 %
Shares of NYSE ECG traded down $6.38 during mid-day trading on Thursday, hitting $49.61. The company had a trading volume of 1,851,630 shares, compared to its average volume of 678,529. Everus has a 12 month low of $40.05 and a 12 month high of $77.93. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $68.35.
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 analysts' consensus estimates of $0.73 by ($0.06). Equities research analysts expect that Everus will post 2.87 EPS for the current year.
Analyst Upgrades and Downgrades
ECG has been the subject of a number of research reports. Stifel Nicolaus decreased their price target on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday. DA Davidson began coverage on Everus in a report on Monday, November 4th. They issued a "neutral" rating and a $55.00 price target for the company. Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Wolfe Research started coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a "peer perform" rating for the company.
Read Our Latest Stock Analysis on ECG
Everus Profile
(
Free Report)
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.
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