Barclays PLC Invests $12.34 Million in Everus (NYSE:ECG)

Barclays PLC acquired a new stake in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 187,585 shares of the company's stock, valued at approximately $12,335,000. Barclays PLC owned about 0.37% of Everus as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ECG. Bragg Financial Advisors Inc purchased a new position in Everus during the 4th quarter valued at $9,637,000. Granite Investment Partners LLC bought a new stake in shares of Everus in the 4th quarter valued at about $20,332,000. Nixon Capital LLC purchased a new stake in shares of Everus during the 4th quarter valued at $12,848,000. Legal & General Group Plc acquired a new position in shares of Everus during the fourth quarter valued at about $9,003,000. Finally, Invesco Ltd. acquired a new stake in shares of Everus during the fourth quarter worth $65,337,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on ECG. Oppenheimer upped their price objective on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus cut their price target on Everus from $67.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th.

Everus Price Performance

Everus stock traded up $1.64 during mid-day trading on Wednesday, reaching $38.58. 324,770 shares of the company's stock were exchanged, compared to its average volume of 736,375. The stock's fifty day simple moving average is $39.20. 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 twelve month low of $31.38 and a twelve month high of $77.93.

Everus (NYSE:ECG - Get Free Report) last issued 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). On average, research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Everus news, Director Edward A. Ryan acquired 1,400 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, with a total value of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction that occurred on 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 purchase, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,750 shares of company stock valued at $153,853. 0.21% of the stock is currently owned by insiders.

Everus Company 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.