Citadel Advisors LLC Acquires New Position in Everus (NYSE:ECG)

Citadel Advisors LLC bought a new position in shares of Everus (NYSE:ECG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 147,490 shares of the company’s stock, valued at approximately $9,697,000.

A number of other large investors also recently bought and sold shares of ECG. Principal Financial Group Inc. bought a new stake in shares of Everus in the 4th quarter valued at approximately $16,241,000. Yousif Capital Management LLC bought a new position in Everus during the fourth quarter worth $1,326,000. Principal Securities Inc. bought a new stake in Everus during the fourth quarter valued at $27,000. Cascade Investment Advisors Inc. bought a new stake in Everus during the fourth quarter valued at $1,272,000. Finally, Register Financial Advisors LLC bought a new position in shares of Everus in the 4th quarter worth about $3,167,000.

Insider Activity

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the purchase, the director now owns 2,027 shares in the company, valued at $96,404.12. This trade represents a 107.47% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the purchase, the director now 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,750 shares of company stock valued at $153,853. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, 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 report on Wednesday, April 9th.

Everus Trading Up 16.6%

ECG stock opened at $59.94 on Thursday. The company has a fifty day moving average of $40.16. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a 1 year low of $31.38 and a 1 year high of $77.93.

Everus (NYSE:ECG) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. Equities analysts anticipate that Everus will post 2.49 earnings per share for the current year.

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.