Natixis Advisors LLC Takes $935,000 Position in Everus (NYSE:ECG)

Natixis Advisors LLC bought a new stake in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,222 shares of the company's stock, valued at approximately $935,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in Everus in the 4th quarter worth $16,241,000. Yousif Capital Management LLC purchased a new position in shares of Everus during the 4th quarter valued at about $1,326,000. Principal Securities Inc. bought a new position in shares of Everus during the 4th quarter valued at approximately $27,000. Cascade Investment Advisors Inc. purchased a new stake in Everus in the 4th quarter worth approximately $1,272,000. Finally, Register Financial Advisors LLC bought a new stake in Everus during the 4th quarter worth approximately $3,167,000.

Everus Price Performance

Shares of NYSE:ECG traded up $1.14 during midday trading on Friday, reaching $36.11. 943,846 shares of the company were exchanged, compared to its average volume of 738,361. The company's fifty day moving average is $51.30. Everus has a one year low of $33.90 and a one year high of $77.93. 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 (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). As a group, sell-side analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

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Insider Activity at Everus

In other Everus news, CFO Maximillian J. Marcy bought 1,300 shares of Everus stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. This represents a 30.89 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rocca Michael Della bought 1,050 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 3,750 shares of company stock valued at $153,853.

Analyst Ratings Changes

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

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.