12,126 Shares in Everus (NYSE:ECG) Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new position in Everus (NYSE:ECG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,126 shares of the company's stock, valued at approximately $797,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hennessy Advisors Inc. bought a new stake in shares of Everus in the fourth quarter worth $31,611,000. US Bancorp DE acquired a new stake in Everus during the 4th quarter valued at $28,332,000. Charles Schwab Investment Management Inc. acquired a new stake in Everus during the fourth quarter worth approximately $27,031,000. Principal Financial Group Inc. bought a new position in Everus during the 4th quarter worth $16,241,000. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Everus during the 4th quarter worth approximately $4,359,000.

Wall Street Analysts Forecast Growth

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

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Everus Price Performance

Shares of ECG stock traded up $2.21 on Monday, reaching $41.42. 491,535 shares of the company were exchanged, compared to its average volume of 714,892. Everus has a one year low of $36.96 and a one year high of $77.93. The firm has a 50-day simple moving average of $54.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

Everus (NYSE:ECG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Equities research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Activity

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 purchased 1,400 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders acquired 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.