Meeder Asset Management Inc. Acquires Shares of 64,878 Everus (NYSE:ECG)

Meeder Asset Management Inc. bought a new position in shares of Everus (NYSE:ECG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,878 shares of the company’s stock, valued at approximately $4,266,000. Meeder Asset Management Inc. owned approximately 0.13% of Everus at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Everus in the 4th quarter worth $365,965,000. American Century Companies Inc. purchased a new stake in shares of Everus during the fourth quarter worth about $49,650,000. Norges Bank purchased a new position in Everus in the fourth quarter valued at about $34,672,000. Hennessy Advisors Inc. purchased a new position in Everus in the fourth quarter valued at about $31,611,000. Finally, US Bancorp DE acquired a new stake in Everus during the 4th quarter valued at approximately $28,332,000.

Insiders Place Their Bets

In related news, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the transaction, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the purchase, the chief financial officer now directly owns 5,508 shares of the company’s stock, valued at $214,756.92. The trade was a 30.89 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 3,750 shares of company stock valued at $153,853 over the last quarter.

Wall Street Analysts Forecast Growth

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

Everus Trading Up 3.3 %

Shares of NYSE ECG opened at $36.11 on Monday. 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 has a twelve month low of $33.90 and a twelve month high of $77.93. The firm has a 50 day moving average price of $51.30.

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

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.