Dakota Wealth Management Acquires New Position in Everus (NYSE:ECG)

Dakota Wealth Management purchased a new stake in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,536 shares of the company's stock, valued at approximately $1,219,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECG. SeaCrest Wealth Management LLC acquired a new position in shares of Everus during the 4th quarter valued at $292,000. Cascade Investment Group Inc. purchased a new position in Everus in the fourth quarter valued at about $329,000. Brady Martz Wealth Solutions LLC purchased a new position in Everus in the fourth quarter valued at about $472,000. Hennessy Advisors Inc. acquired a new position in shares of Everus during the fourth quarter worth about $31,611,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Everus in the fourth quarter worth about $36,000.

Everus Stock Up 2.6 %

Shares of ECG stock traded up $1.94 during mid-day trading on Friday, reaching $77.28. 748,564 shares of the company were exchanged, compared to its average volume of 581,664. The company has a 50 day moving average price of $67.64. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a fifty-two week low of $40.05 and a fifty-two week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share for the quarter. The company had revenue of $760.99 million during the quarter. On average, equities research analysts predict that Everus will post 2.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. DA Davidson initiated coverage on shares of Everus in a research note on Monday, November 4th. They set a "neutral" rating and a $55.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of Everus from $78.00 to $85.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wolfe Research started coverage on shares of Everus in a report on Tuesday, December 3rd. They set a "peer perform" rating for the company.

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.