Private Advisor Group LLC Makes New Investment in Everus (NYSE:ECG)

Private Advisor Group LLC acquired a new position in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,135 shares of the company's stock, valued at approximately $1,192,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in shares of Everus during the 4th quarter worth about $27,000. HighMark Wealth Management LLC acquired a new position in shares of Everus during the fourth quarter valued at approximately $28,000. Crews Bank & Trust bought a new stake in Everus during the fourth quarter worth approximately $29,000. Mendota Financial Group LLC acquired a new stake in Everus in the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. bought a new position in Everus during the 4th quarter valued at $38,000.

Wall Street Analysts Forecast Growth

ECG has been the topic of a number of research reports. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating on the stock. Stifel Nicolaus dropped their price target on shares of Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, DA Davidson assumed coverage on shares of Everus in a report on Monday, November 4th. They issued a "neutral" rating and a $55.00 target price on the stock.

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Everus Stock Performance

Shares of NYSE ECG traded down $2.22 during mid-day trading on Monday, reaching $39.38. The company had a trading volume of 439,116 shares, compared to its average volume of 718,091. Everus has a 1-year low of $37.84 and a 1-year high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $63.22.

Everus (NYSE:ECG - Get Free Report) last posted 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). As a group, sell-side analysts forecast that Everus will post 2.49 earnings per share for the current fiscal year.

Insider Activity at Everus

In other Everus news, Director Edward A. Ryan bought 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rocca Michael Della bought 1,050 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now owns 2,027 shares of the company's stock, valued at $96,404.12. This trade represents 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 bought 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.