Brasada Capital Management LP Invests $527,000 in Everus (NYSE:ECG)

Brasada Capital Management LP bought a new position 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 Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the company's stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. acquired a new stake in Everus during the 4th quarter worth about $26,000. Principal Securities Inc. acquired a new stake in Everus during the fourth quarter worth about $27,000. HighMark Wealth Management LLC purchased a new position in Everus during the fourth quarter valued at approximately $28,000. Crews Bank & Trust acquired a new position in Everus in the fourth quarter valued at approximately $29,000. Finally, Mendota Financial Group LLC purchased a new stake in Everus in the 4th quarter worth approximately $36,000.

Everus Stock Up 3.3 %

Shares of ECG stock opened at $36.93 on Wednesday. Everus has a 1-year low of $31.38 and a 1-year high of $77.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The stock's 50 day simple moving average is $39.39.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ECG shares. 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. Stifel Nicolaus cut their price objective on shares of Everus from $67.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insider Activity at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now owns 14,928 shares in the company, valued at $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rocca Michael Della acquired 1,050 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the acquisition, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 3,750 shares of company stock valued at $153,853. 0.21% of the stock is owned by corporate insiders.

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.

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