Captrust Financial Advisors Takes Position in Everus (NYSE:ECG)

Captrust Financial Advisors bought a new position in shares of Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 52,720 shares of the company’s stock, valued at approximately $3,466,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in shares of Everus during the 4th quarter valued at $365,965,000. Dimensional Fund Advisors LP bought a new stake in Everus in the fourth quarter worth about $120,578,000. Invesco Ltd. acquired a new stake in Everus in the 4th quarter valued at about $65,337,000. Alliancebernstein L.P. bought a new position in shares of Everus during the 4th quarter valued at about $53,131,000. Finally, American Century Companies Inc. acquired a new position in shares of Everus in the 4th quarter worth approximately $49,650,000.

Everus Trading Down 0.5 %

NYSE:ECG opened at $48.02 on Friday. The company has a fifty day moving average of $39.31. Everus has a 1-year low of $31.38 and a 1-year high of $77.93. 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) last announced its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Sell-side analysts anticipate that Everus will post 2.49 EPS for the current year.

Insiders Place Their Bets

In related news, Director Rocca Michael Della purchased 1,050 shares of Everus stock in a transaction dated 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 completion of the transaction, the director now directly owns 2,027 shares of the company’s stock, valued at $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the transaction, the chief financial officer now directly owns 5,508 shares of the company’s stock, valued at $214,756.92. This represents a 30.89 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 3,750 shares of company stock worth $153,853. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their target price on shares of Everus from $67.00 to $55.00 and set a “buy” rating for the company in a research note 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.