Intech Investment Management LLC Purchases Shares of 83,430 Everus (NYSE:ECG)

Intech Investment Management LLC purchased a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 83,430 shares of the company's stock, valued at approximately $5,486,000. Intech Investment Management LLC owned approximately 0.16% of Everus as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Everus in the fourth quarter worth approximately $3,893,000. Thrivent Financial for Lutherans purchased a new position in shares of Everus in the 4th quarter valued at $2,590,000. Corient Private Wealth LLC bought a new position in shares of Everus in the 4th quarter worth $239,000. Natixis Advisors LLC purchased a new stake in shares of Everus during the 4th quarter worth $935,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Everus during the 4th quarter worth $2,129,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research began coverage on shares of Everus in a report on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Stifel Nicolaus reduced their price objective on shares of Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Oppenheimer raised their target price on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th.

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Insider Transactions at Everus

In other news, Director Edward A. Ryan bought 1,400 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, with a total value of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company's stock, valued at $567,562.56. This trade represents a 10.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rocca Michael Della bought 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, the director now owns 2,027 shares of the company's stock, valued at $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,750 shares of company stock worth $153,853.

Everus Trading Down 2.2 %

Everus stock traded down $0.88 during midday trading on Friday, reaching $39.32. The company's stock had a trading volume of 1,697,751 shares, compared to its average volume of 717,245. Everus has a 52-week low of $36.96 and a 52-week high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The stock's 50-day simple moving average is $54.38.

Everus (NYSE:ECG - Get Free Report) last released 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). On average, research analysts anticipate 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.