Patten Group Inc. Buys New Shares in Everus (NYSE:ECG)

Patten Group Inc. bought a new stake in Everus (NYSE:ECG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,206 shares of the company's stock, valued at approximately $605,000.

A number of other hedge funds also recently modified their holdings of the business. SRS Capital Advisors Inc. purchased a new stake in shares of Everus during the fourth quarter worth $26,000. Principal Securities Inc. purchased a new stake in shares of Everus during the fourth quarter worth $27,000. HighMark Wealth Management LLC purchased a new stake in shares of Everus during the fourth quarter worth $28,000. Crews Bank & Trust purchased a new stake in shares of Everus during the fourth quarter worth $29,000. Finally, Mendota Financial Group LLC purchased a new stake in shares of Everus during the fourth quarter worth $36,000.

Analyst Ratings Changes

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

Insider Activity

In other Everus news, CFO Maximillian J. Marcy purchased 1,300 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the transaction, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. This trade represents a 30.89 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 3,750 shares of company stock valued at $153,853.

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Everus Trading Up 1.3 %

Everus stock traded up $0.51 during mid-day trading on Friday, hitting $40.05. 489,273 shares of the company's stock were exchanged, compared to its average volume of 713,469. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 1-year low of $37.18 and a 1-year high of $77.93. The business has a 50 day moving average price of $60.68.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings results 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). On average, analysts forecast that Everus will post 2.49 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.