Swiss National Bank Takes $6.27 Million Position in Everus (NYSE:ECG)

Swiss National Bank bought a new stake in shares of Everus (NYSE:ECG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 95,297 shares of the company's stock, valued at approximately $6,266,000. Swiss National Bank owned 0.19% of Everus at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ECG. SRS Capital Advisors Inc. purchased a new stake in Everus in the 4th quarter valued at about $26,000. Principal Securities Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC purchased a new stake in shares of Everus in the fourth quarter valued at approximately $28,000. Crews Bank & Trust bought a new position in Everus in the fourth quarter worth approximately $29,000. Finally, Mendota Financial Group LLC purchased a new position in Everus during the 4th quarter worth $36,000.

Analyst Ratings Changes

Several brokerages have weighed in on ECG. Stifel Nicolaus lowered their target price on Everus from $85.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Oppenheimer upped their price objective 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, Wolfe Research assumed coverage on shares of Everus in a report on Tuesday, December 3rd. They set a "peer perform" rating on the stock.

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Everus Stock Down 5.1 %

NYSE ECG traded down $1.88 during midday trading on Thursday, hitting $34.99. 801,729 shares of the company traded hands, compared to its average volume of 710,921. 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 52 week low of $34.47 and a 52 week high of $77.93. The firm has a 50-day simple moving average of $52.60.

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 analysts' consensus estimates of $0.73 by ($0.06). As a group, analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Activity

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the firm'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 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 can be accessed through this link. Also, Director Rocca Michael Della purchased 1,050 shares of the stock in a transaction on 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 acquisition, the director now owns 2,027 shares of the company's stock, valued at approximately $96,404.12. This represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have 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.