66,504 Shares in Everus (NYSE:ECG) Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. acquired a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 66,504 shares of the company's stock, valued at approximately $4,373,000. JPMorgan Chase & Co. owned 0.13% of Everus as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ECG. Principal Financial Group Inc. acquired a new position in Everus during the fourth quarter valued at approximately $16,241,000. Yousif Capital Management LLC bought a new stake in Everus during the 4th quarter worth approximately $1,326,000. Principal Securities Inc. acquired a new stake in Everus in the fourth quarter valued at $27,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $1,272,000. Finally, Register Financial Advisors LLC bought a new position in Everus during the 4th quarter worth approximately $3,167,000.

Wall Street Analyst Weigh In

ECG has been the topic of a number of recent analyst reports. Oppenheimer boosted their price objective on Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on Everus from $67.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th.

Everus Price Performance

Shares of NYSE:ECG traded down $2.97 during midday trading on Monday, reaching $35.88. The company had a trading volume of 396,905 shares, compared to its average volume of 742,805. The stock has a 50 day simple moving average of $39.64. 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 has a 52-week low of $31.38 and a 52-week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last released 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). On average, equities research analysts forecast that Everus will post 2.49 earnings per share for the current year.

Insider Activity at Everus

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, the director now owns 2,027 shares of the company's stock, valued at $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward A. Ryan purchased 1,400 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 3,750 shares of company stock worth $153,853. 0.21% of the stock is owned by company insiders.

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.