Oppenheimer Asset Management Inc. Invests $440,000 in Everus (NYSE:ECG)

Oppenheimer Asset Management Inc. acquired a new position in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 6,695 shares of the company's stock, valued at approximately $440,000.

Several other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. acquired a new position in Everus during the fourth quarter worth $16,241,000. Yousif Capital Management LLC purchased a new position in Everus during the fourth quarter worth $1,326,000. Principal Securities Inc. purchased a new position in Everus during the fourth quarter worth $27,000. Cascade Investment Advisors Inc. purchased a new position in Everus during the fourth quarter worth $1,272,000. Finally, Register Financial Advisors LLC purchased a new position in Everus during the fourth quarter worth $3,167,000.

Wall Street Analysts Forecast Growth

ECG has been the subject of several recent research reports. Wolfe Research initiated coverage on Everus in a research report on Tuesday, December 3rd. They set a "peer perform" rating for 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. Finally, Stifel Nicolaus dropped their price target on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday, February 13th.

Everus Stock Performance

Everus stock traded up $0.51 during trading on Friday, hitting $40.05. The company's stock had a trading volume of 489,273 shares, compared to its average volume of 713,469. The stock has a fifty day moving average price of $60.08. Everus has a 1-year low of $37.18 and a 1-year high of $77.93. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

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Everus (NYSE:ECG - Get Free Report) last released its 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). Equities research analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Insider Activity at Everus

In other news, Director Edward A. Ryan purchased 1,400 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now directly owns 14,928 shares of the company's stock, valued at $567,562.56. The trade was a 10.35 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rocca Michael Della purchased 1,050 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the purchase, the director now directly owns 2,027 shares of the company's stock, 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. Over the last ninety days, insiders acquired 3,750 shares of company stock worth $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.