Brady Martz Wealth Solutions LLC purchased a new position in shares of Everus (NYSE:ECG - Free Report) during 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 6,801 shares of the company's stock, valued at approximately $472,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. acquired a new stake in shares of Everus during the 4th quarter worth $31,611,000. SeaCrest Wealth Management LLC bought a new stake in Everus during the fourth quarter worth about $292,000. Mendota Financial Group LLC acquired a new stake in Everus during the fourth quarter worth about $36,000. Finally, Forza Wealth Management LLC bought a new position in Everus in the 4th quarter valued at about $336,000.
Everus Stock Performance
Shares of Everus stock traded up $3.45 on Monday, hitting $69.74. The stock had a trading volume of 1,976,250 shares, compared to its average volume of 492,445. The company has a 50 day moving average of $66.15. Everus has a twelve month low of $40.05 and a twelve month high of $73.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ECG. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They set a "neutral" rating and a $55.00 price target for the company. Stifel Nicolaus upped their price objective on shares of Everus from $71.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Oppenheimer raised their target price on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Wolfe Research initiated coverage on shares of Everus in a report on Tuesday, December 3rd. They set a "peer perform" rating for the company.
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About Everus
(
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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