Lecap Asset Management Ltd. Takes $446,000 Position in Everus (NYSE:ECG)

Lecap Asset Management Ltd. bought a new stake in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,778 shares of the company's stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ECG. Crews Bank & Trust acquired a new stake in shares of Everus in the 4th quarter valued at approximately $29,000. Mendota Financial Group LLC bought a new position in shares of Everus during the fourth quarter worth $36,000. KBC Group NV bought a new position in shares of Everus during the fourth quarter worth $150,000. SeaCrest Wealth Management LLC bought a new stake in shares of Everus in the 4th quarter valued at $292,000. Finally, Cascade Investment Group Inc. acquired a new stake in Everus during the 4th quarter worth $329,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Oppenheimer raised 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. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They issued a "neutral" rating and a $55.00 price target for the company. Wolfe Research assumed coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a "peer perform" rating on the stock. Finally, Stifel Nicolaus increased their target price on Everus from $78.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 24th.

Everus Price Performance

Shares of NYSE ECG traded down $12.41 during midday trading on Wednesday, reaching $56.01. The company's stock had a trading volume of 2,042,864 shares, compared to its average volume of 636,629. Everus has a fifty-two week low of $40.05 and a fifty-two week high of $77.93. The stock has a 50 day simple moving average of $68.72. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Equities research analysts anticipate that Everus will post 2.87 earnings per share 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.