Jones Financial Companies Lllp Acquires Shares of 23,366 Everus (NYSE:ECG)

Jones Financial Companies Lllp bought a new stake in Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,366 shares of the company's stock, valued at approximately $1,536,000.

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

Analyst Upgrades and Downgrades

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

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Insider Buying and Selling at Everus

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

Everus Price Performance

Shares of ECG stock traded down $1.62 during mid-day trading on Monday, hitting $38.36. The stock had a trading volume of 840,365 shares, compared to its average volume of 714,944. Everus has a 12-month low of $37.18 and a 12-month high of $77.93. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $60.08.

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

Everus 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.