Thrivent Financial for Lutherans Invests $2.59 Million in Everus (NYSE:ECG)

Thrivent Financial for Lutherans bought a new stake in shares of Everus (NYSE:ECG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 39,399 shares of the company's stock, valued at approximately $2,590,000. Thrivent Financial for Lutherans owned 0.08% of Everus as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of ECG. Forza Wealth Management LLC purchased a new position in Everus in the fourth quarter valued at $336,000. Mendota Financial Group LLC acquired a new position in Everus in the 4th quarter valued at about $36,000. SeaCrest Wealth Management LLC acquired a new stake in Everus during the 4th quarter worth approximately $292,000. Hennessy Advisors Inc. purchased a new position in Everus in the fourth quarter valued at $31,611,000. Finally, Brady Martz Wealth Solutions LLC acquired a new stake in Everus in the 4th quarter valued at about $472,000.

Everus Stock Up 2.8 %

Shares of NYSE ECG traded up $1.01 during midday trading on Monday, reaching $37.19. 705,725 shares of the company's stock were exchanged, compared to its average volume of 738,038. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a 52-week low of $33.90 and a 52-week high of $77.93. The stock's fifty day moving average price is $50.65.

Everus (NYSE:ECG - Get Free Report) last announced 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, equities analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of Everus from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Wolfe Research began coverage on Everus in a report on Tuesday, December 3rd. They set a "peer perform" rating for the company.

Insider Transactions at Everus

In other news, CFO Maximillian J. Marcy bought 1,300 shares of Everus stock in a transaction on 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 purchase, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward A. Ryan purchased 1,400 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the purchase, the director now directly owns 14,928 shares of the company's stock, valued at $567,562.56. This trade represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 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.