Beacon Pointe Advisors LLC Takes $3.85 Million Position in Everus (NYSE:ECG)

Beacon Pointe Advisors LLC purchased a new position in Everus (NYSE:ECG) during the fourth quarter, Holdings Channel reports. The firm purchased 58,587 shares of the company’s stock, valued at approximately $3,852,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ECG. SRS Capital Advisors Inc. bought a new position in Everus in the 4th quarter valued at about $26,000. Principal Securities Inc. bought a new position in Everus in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC acquired a new position in Everus during the fourth quarter valued at approximately $28,000. Crews Bank & Trust bought a new stake in Everus during the fourth quarter worth $29,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Everus in the 4th quarter valued at $36,000.

Analysts Set New Price Targets

A number of research firms have recently commented on ECG. Oppenheimer boosted their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Everus from $67.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Everus Trading Down 0.3 %

NYSE:ECG opened at $40.65 on Wednesday. Everus has a one year low of $31.38 and a one year high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The stock’s 50 day simple moving average is $38.68.

Everus (NYSE:ECG) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). As a group, sell-side analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Insider Transactions at Everus

In other news, CFO Maximillian J. Marcy purchased 1,300 shares of the stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. This trade represents a 30.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 3,750 shares of company stock worth $153,853 over the last ninety days. 0.21% of the stock is owned by insiders.

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.