64,878 Shares in Everus (NYSE:ECG) Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new stake in shares of Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 64,878 shares of the company's stock, valued at approximately $4,266,000. Meeder Asset Management Inc. owned approximately 0.13% of Everus at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Oppenheimer lifted their price target on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th.

Everus Trading Down 7.4 %

Everus stock traded down $2.60 during midday trading on Friday, reaching $32.71. The stock had a trading volume of 327,169 shares, compared to its average volume of 738,207. The firm has a fifty day moving average of $48.37. 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 twelve month low of $31.47 and a twelve month high of $77.93.

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

Insider Buying and Selling

In other news, CFO Maximillian J. Marcy bought 1,300 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the transaction, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at $214,756.92. This trade represents a 30.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rocca Michael Della purchased 1,050 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, the director now directly owns 2,027 shares in the company, 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. In the last 90 days, insiders acquired 3,750 shares of company stock valued at $153,853.

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.