Asset Management One Co. Ltd. Invests $3.26 Million in Everus (NYSE:ECG)

Asset Management One Co. Ltd. purchased a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,642 shares of the company's stock, valued at approximately $3,258,000. Asset Management One Co. Ltd. owned about 0.09% of Everus at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC bought a new stake in Everus during the 4th quarter valued at $1,326,000. Cascade Investment Advisors Inc. bought a new stake in shares of Everus in the 4th quarter worth $1,272,000. Register Financial Advisors LLC bought a new stake in shares of Everus in the 4th quarter worth $3,167,000. SG Americas Securities LLC bought a new stake in shares of Everus in the 4th quarter worth $669,000. Finally, Moody Aldrich Partners LLC bought a new stake in shares of Everus in the 4th quarter worth $4,359,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus dropped their price objective on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Wolfe Research began coverage on Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating on the stock. DA Davidson began coverage on Everus in a report on Monday, November 4th. They issued a "neutral" rating and a $55.00 target price on the stock. Finally, Oppenheimer lifted their target price on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th.

Insider Activity at Everus

In other news, Director Rocca Michael Della bought 1,050 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $47.56 per share, with a total value of $49,938.00. Following the purchase, the director now 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Everus Stock Performance

ECG stock traded down $2.87 during mid-day trading on Friday, hitting $43.67. The stock had a trading volume of 360,230 shares, compared to its average volume of 693,017. 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 1-year low of $40.05 and a 1-year high of $77.93. The business's fifty day moving average price is $66.33.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Analysts predict that Everus will post 2.49 earnings per share for the current fiscal year.

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.