Hudson Value Partners LLC Makes New Investment in Everus (NYSE:ECG)

Hudson Value Partners LLC bought a new stake in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 74,916 shares of the company's stock, valued at approximately $4,926,000. Everus comprises 1.8% of Hudson Value Partners LLC's investment portfolio, making the stock its 21st biggest position. Hudson Value Partners LLC owned about 0.15% of Everus as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ECG. Vanguard Group Inc. bought a new position in shares of Everus during the fourth quarter worth approximately $365,965,000. Dimensional Fund Advisors LP bought a new position in Everus during the 4th quarter worth $120,578,000. Invesco Ltd. bought a new position in Everus during the 4th quarter worth $65,337,000. Alliancebernstein L.P. bought a new position in Everus during the 4th quarter worth $53,131,000. Finally, American Century Companies Inc. bought a new position in Everus during the 4th quarter worth $49,650,000.

Everus Trading Down 6.3 %

Shares of ECG traded down $2.94 during midday trading on Friday, hitting $43.60. The company's stock had a trading volume of 747,644 shares, compared to its average volume of 699,460. Everus has a one year low of $40.05 and a one year high of $77.93. The company's fifty day moving average price is $66.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58.

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

Insider Activity

In other news, Director Rocca Michael Della acquired 1,050 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the acquisition, the director now directly owns 2,027 shares in the company, valued at $96,404.12. The trade was a 107.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

ECG has been the topic of a number of recent research reports. Wolfe Research initiated coverage on Everus in a research note on Tuesday, December 3rd. They set a "peer perform" rating on the stock. DA Davidson initiated coverage on Everus in a research note on Monday, November 4th. They set a "neutral" rating and a $55.00 price objective on the stock. Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price objective on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th.

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.