Hudson Value Partners LLC Purchases New Position in Everus (NYSE:ECG)

Hudson Value Partners LLC bought a new position in shares of Everus (NYSE:ECG) in the fourth quarter, HoldingsChannel.com reports. The firm bought 74,916 shares of the company’s stock, valued at approximately $4,926,000. Everus makes up 1.8% of Hudson Value Partners LLC’s portfolio, making the stock its 21st largest position.

A number of other hedge funds also recently bought and sold shares of ECG. Forza Wealth Management LLC purchased a new stake in Everus during the fourth quarter worth $336,000. Mendota Financial Group LLC purchased a new stake in Everus during the fourth quarter worth $36,000. SeaCrest Wealth Management LLC purchased a new stake in Everus during the fourth quarter worth $292,000. Hennessy Advisors Inc. purchased a new stake in Everus during the fourth quarter worth $31,611,000. Finally, Brady Martz Wealth Solutions LLC purchased a new stake in Everus during the fourth quarter worth $472,000.

Everus Stock Down 0.7 %

Shares of ECG stock opened at $47.78 on Wednesday. The business’s fifty day simple moving average is $67.57. 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 12-month low of $40.05 and a 12-month high of $77.93.

Everus (NYSE:ECG) last released its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). As a group, research analysts forecast that Everus will post 2.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Oppenheimer upped their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. DA Davidson began coverage on Everus in a research report on Monday, November 4th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Wolfe Research began coverage on Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock.

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.