State of Alaska Department of Revenue Takes $1.90 Million Position in Everus (NYSE:ECG)

State of Alaska Department of Revenue acquired a new stake in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,914 shares of the company's stock, valued at approximately $1,901,000. State of Alaska Department of Revenue owned 0.06% of Everus as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crews Bank & Trust purchased a new position in shares of Everus in the fourth quarter valued at approximately $29,000. Mendota Financial Group LLC purchased a new position in shares of Everus in the fourth quarter valued at approximately $36,000. KBC Group NV purchased a new position in Everus in the fourth quarter worth approximately $150,000. SeaCrest Wealth Management LLC purchased a new position in Everus in the fourth quarter worth approximately $292,000. Finally, Cascade Investment Group Inc. purchased a new position in Everus in the fourth quarter worth approximately $329,000.

Everus Stock Down 2.7 %

Shares of NYSE:ECG traded down $1.35 during trading on Friday, hitting $48.19. 1,010,355 shares of the company were exchanged, compared to its average volume of 591,388. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a 12-month low of $40.05 and a 12-month high of $77.93. The company has a 50 day moving average of $67.94.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, equities analysts predict that Everus will post 2.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ECG. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Stifel Nicolaus decreased their price target on shares of Everus from $85.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday. Oppenheimer lifted their price target on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, DA Davidson began coverage on shares of Everus in a research note on Monday, November 4th. They issued a "neutral" rating and a $55.00 price target for the company.

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.