136,925 Shares in Everus (NYSE:ECG) Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new position in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 136,925 shares of the company's stock, valued at approximately $9,003,000. Legal & General Group Plc owned approximately 0.27% of Everus as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Forza Wealth Management LLC purchased a new stake in shares of Everus during the 4th quarter valued at approximately $336,000. Mendota Financial Group LLC purchased a new position in shares of Everus in the 4th quarter valued at about $36,000. SeaCrest Wealth Management LLC acquired a new position in shares of Everus during the fourth quarter worth $292,000. Hennessy Advisors Inc. acquired a new stake in shares of Everus during the 4th quarter worth about $31,611,000. Finally, Brady Martz Wealth Solutions LLC acquired a new position in shares of Everus in the 4th quarter valued at $472,000.

Everus Price Performance

NYSE ECG traded up $2.06 during mid-day trading on Wednesday, reaching $39.00. 58,338 shares of the company's stock traded hands, compared to its average volume of 734,142. The firm's fifty day simple moving average is $39.39. 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 has a 1-year low of $31.38 and a 1-year high of $77.93.

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

Analyst Ratings Changes

A number of research firms recently issued reports on ECG. Oppenheimer raised their price target on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on Everus from $67.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insider Transactions at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the purchase, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,750 shares of company stock valued at $153,853. Company insiders own 0.21% of the company's stock.

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.