8,778 Shares in Everus (NYSE:ECG) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,778 shares of the company's stock, valued at approximately $577,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new position in shares of Everus in the 4th quarter valued at about $2,200,000. Wells Fargo & Company MN purchased a new position in Everus in the fourth quarter worth approximately $3,038,000. Smith Moore & CO. purchased a new position in Everus in the fourth quarter worth approximately $334,000. Massachusetts Financial Services Co. MA acquired a new position in Everus during the 4th quarter worth approximately $17,044,000. Finally, Discovery Capital Management LLC CT purchased a new stake in shares of Everus in the 4th quarter valued at approximately $13,150,000.

Wall Street Analyst Weigh In

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

Insider Transactions at Everus

In other news, Director Edward A. Ryan purchased 1,400 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $38.02 per share, with a total value of $53,228.00. Following the completion of the transaction, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. This represents a 10.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,750 shares of company stock worth $153,853. Corporate insiders own 0.21% of the company's stock.

Everus Stock Performance

Everus stock traded up $1.64 during mid-day trading on Wednesday, hitting $38.58. The company had a trading volume of 324,770 shares, compared to its average volume of 736,375. 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 1 year low of $31.38 and a 1 year high of $77.93. The business has a fifty day moving average of $39.39.

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

About Everus

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.