Dakota Wealth Management Invests $1.22 Million in Everus (NYSE:ECG)

Dakota Wealth Management acquired a new position in Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,536 shares of the company’s stock, valued at approximately $1,219,000.

A number of other institutional investors have also recently made changes to their positions in the business. Cascade Investment Group Inc. acquired a new stake in shares of Everus in the 4th quarter worth $329,000. Brady Martz Wealth Solutions LLC purchased a new position in Everus in the 4th quarter worth $472,000. Hennessy Advisors Inc. purchased a new position in Everus in the 4th quarter worth $31,611,000. SeaCrest Wealth Management LLC purchased a new position in Everus in the 4th quarter worth $292,000. Finally, Mendota Financial Group LLC purchased a new position in Everus in the 4th quarter worth $36,000.

Everus Stock Performance

ECG opened at $75.60 on Friday. Everus has a twelve month low of $40.05 and a twelve month high of $77.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The stock’s 50-day moving average is $67.22.

Everus (NYSE:ECG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share for the quarter. The company had revenue of $760.99 million for the quarter. As a group, equities analysts forecast that Everus will post 2.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on ECG. Oppenheimer lifted their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus raised their price target on shares of Everus from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Wolfe Research initiated coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Finally, DA Davidson initiated coverage on shares of Everus in a research report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective for the company.

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.