Bragg Financial Advisors Inc Purchases Shares of 146,571 Everus (NYSE:ECG)

Bragg Financial Advisors Inc bought a new stake in Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 146,571 shares of the company’s stock, valued at approximately $9,637,000. Bragg Financial Advisors Inc owned about 0.29% of Everus at the end of the most recent quarter.

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

Insider Buying and Selling at Everus

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the acquisition, the director now owns 2,027 shares in the company, valued at $96,404.12. This represents a 107.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maximillian J. Marcy bought 1,300 shares of Everus stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the acquisition, the chief financial officer now 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 bought a total of 3,750 shares of company stock worth $153,853 in the last three months.

Everus Stock Up 1.3 %

Shares of ECG stock opened at $38.45 on Friday. 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 twelve month low of $31.38 and a twelve month high of $77.93. The business has a fifty day moving average price of $43.17.

Everus (NYSE:ECG) last announced its quarterly earnings data 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). Analysts forecast that Everus will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

ECG has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price objective on shares of Everus from $67.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Oppenheimer increased their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

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.