Granite Investment Partners LLC Buys New Stake in Everus (NYSE:ECG)

Granite Investment Partners LLC acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 309,226 shares of the company's stock, valued at approximately $20,332,000. Granite Investment Partners LLC owned 0.61% of Everus at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. SRS Capital Advisors Inc. bought a new stake in Everus during the 4th quarter valued at $26,000. Principal Securities Inc. bought a new position in Everus during the 4th quarter worth about $27,000. HighMark Wealth Management LLC purchased a new position in Everus during the 4th quarter valued at about $28,000. Crews Bank & Trust bought a new position in shares of Everus during the fourth quarter valued at approximately $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus during the fourth quarter valued at approximately $36,000.

Analyst Ratings Changes

Several analysts have issued reports on ECG shares. Oppenheimer increased 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. Stifel Nicolaus reduced their target price 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

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the purchase, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. The trade was a 30.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Ryan acquired 1,400 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the purchase, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,750 shares of company stock valued at $153,853. Company insiders own 0.21% of the company's stock.

Everus Stock Performance

Shares of ECG traded up $0.60 during mid-day trading on Friday, hitting $38.77. 734,755 shares of the company traded hands, compared to its average volume of 745,840. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm's 50 day simple moving average is $40.64. Everus has a 1-year low of $31.38 and a 1-year high of $77.93.

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). As a group, equities analysts anticipate that Everus will post 2.49 EPS for the current fiscal year.

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.