Prudential Financial Inc. Buys New Shares in Everus (NYSE:ECG)

Prudential Financial Inc. purchased a new position in shares of Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,188 shares of the company's stock, valued at approximately $3,957,000. Prudential Financial Inc. owned approximately 0.12% of Everus as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Forza Wealth Management LLC acquired a new position in Everus during the fourth quarter worth $336,000. Mendota Financial Group LLC purchased a new position in shares of Everus in the 4th quarter valued at about $36,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus in the 4th quarter valued at about $292,000. Hennessy Advisors Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $31,611,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in Everus during the fourth quarter worth about $472,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ECG. Stifel Nicolaus dropped their target price on shares of Everus from $85.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Oppenheimer boosted their target price on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th.

Everus Stock Performance

ECG traded down $3.16 during midday trading on Thursday, reaching $35.21. 802,677 shares of the company's stock were exchanged, compared to its average volume of 742,013. Everus has a 1-year low of $33.90 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. The company's 50-day moving average price is $48.37.

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Everus (NYSE:ECG - Get Free Report) last issued 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, research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Insider Transactions at Everus

In other news, 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 acquisition, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $38.99 per share, with a total value of $50,687.00. Following the transaction, the chief financial officer now owns 5,508 shares of the company's stock, valued at approximately $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,750 shares of company stock valued at $153,853 over the last three months.

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.