Vanguard Group Inc. Takes $365.97 Million Position in Everus (NYSE:ECG)

Vanguard Group Inc. purchased a new stake in Everus (NYSE:ECG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,566,002 shares of the company's stock, valued at approximately $365,965,000. Vanguard Group Inc. owned approximately 10.92% of Everus as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Everus

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Ryan bought 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, with a total value of $53,228.00. Following the purchase, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,750 shares of company stock worth $153,853.

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Everus Price Performance

Shares of NYSE:ECG traded up $1.51 during midday trading on Monday, reaching $35.11. The company had a trading volume of 1,222,938 shares, compared to its average volume of 747,273. The stock has a 50 day simple moving average of $46.83. 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 $31.38 and a 52-week high of $77.93.

Everus (NYSE:ECG - Get Free Report) last released its earnings results 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). On average, equities research analysts forecast that Everus will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Everus from $85.00 to $67.00 and set a "buy" rating on the stock 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 note on Tuesday, January 7th.

Everus Company Profile

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.