Bank of Montreal Can Makes New Investment in Everus (NYSE:ECG)

Bank of Montreal Can purchased a new position in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,037 shares of the company's stock, valued at approximately $791,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Forza Wealth Management LLC acquired a new position in Everus in the fourth quarter valued at approximately $336,000. Mendota Financial Group LLC purchased a new position in shares of Everus in the 4th quarter valued at $36,000. SeaCrest Wealth Management LLC purchased a new stake in Everus in the fourth quarter valued at $292,000. Hennessy Advisors Inc. acquired a new position in Everus in the fourth quarter valued at $31,611,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in shares of Everus during the fourth quarter worth about $472,000.

Insiders Place Their Bets

In related news, CFO Maximillian J. Marcy bought 1,300 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, with a total value of $50,687.00. Following the completion of the transaction, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This represents a 30.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the transaction, 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. Over the last three months, insiders have purchased 3,750 shares of company stock worth $153,853. 0.21% of the stock is owned by company insiders.

Everus Stock Performance

ECG traded down $2.97 during trading on Monday, hitting $35.88. The stock had a trading volume of 396,905 shares, compared to its average volume of 742,805. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a twelve month low of $31.38 and a twelve month high of $77.93. The business has a 50-day moving average of $39.64.

Everus (NYSE:ECG - Get Free Report) last released 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). On average, sell-side analysts predict that Everus will post 2.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

ECG has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their target price on Everus from $67.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Oppenheimer lifted their target price on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th.

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.