23,439 Shares in Everus (NYSE:ECG) Purchased by Algert Global LLC

Algert Global LLC bought a new stake in shares of Everus (NYSE:ECG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,439 shares of the company’s stock, valued at approximately $1,541,000.

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

Insider Buying and Selling

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now directly owns 2,027 shares of the company’s stock, valued at $96,404.12. This represents a 107.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward A. Ryan acquired 1,400 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,750 shares of company stock valued at $153,853. Company insiders own 0.21% of the company’s stock.

Everus Price Performance

NYSE:ECG opened at $48.02 on Friday. Everus has a 1 year low of $31.38 and a 1 year high of $77.93. The firm has a 50-day simple moving average of $39.31. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last posted its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). Research analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their target price on Everus from $67.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th.

Everus 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.