Catalyst Capital Advisors LLC Invests $1.46 Million in Everus (NYSE:ECG)

Catalyst Capital Advisors LLC bought a new position in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,252 shares of the company's stock, valued at approximately $1,463,000.

A number of other hedge funds also recently bought and sold shares of ECG. Principal Securities Inc. purchased a new stake in shares of Everus in the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in Everus in the fourth quarter worth $29,000. Mendota Financial Group LLC purchased a new stake in shares of Everus during the 4th quarter valued at about $36,000. Blue Trust Inc. bought a new stake in shares of Everus in the 4th quarter valued at approximately $38,000. Finally, Empowered Funds LLC bought a new position in Everus during the fourth quarter valued at $110,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ECG. Stifel Nicolaus decreased their price objective on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, February 13th. DA Davidson began coverage on Everus in a research note on Monday, November 4th. They issued a "neutral" rating and a $55.00 target price for the company. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Finally, Oppenheimer upped their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th.

Everus Price Performance

ECG stock traded down $0.06 during trading on Thursday, reaching $46.52. 651,234 shares of the stock were exchanged, compared to its average volume of 704,216. 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 stock has a 50 day simple moving average of $66.33.

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

Insider Activity at Everus

In other Everus news, Director Rocca Michael Della bought 1,050 shares of Everus stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, 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 Securities & Exchange Commission, which is accessible through this hyperlink.

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.