OMERS ADMINISTRATION Corp Makes New $533,000 Investment in Everus (NYSE:ECG)

OMERS ADMINISTRATION Corp acquired a new stake in Everus (NYSE:ECG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,100 shares of the company’s stock, valued at approximately $533,000.

A number of other hedge funds have also modified their holdings of ECG. SRS Capital Advisors Inc. bought a new stake in Everus in the fourth quarter valued at $26,000. Principal Securities Inc. acquired a new stake in shares of Everus in the 4th quarter valued at $27,000. HighMark Wealth Management LLC acquired a new stake in shares of Everus in the 4th quarter valued at $28,000. Crews Bank & Trust bought a new stake in shares of Everus in the 4th quarter worth about $29,000. Finally, Quarry LP acquired a new stake in shares of Everus during the 4th quarter worth about $36,000.

Everus Stock Performance

Shares of NYSE ECG opened at $59.39 on Monday. Everus has a 12-month low of $31.38 and a 12-month high of $77.93. The firm’s 50-day simple moving average is $41.05 and its 200 day simple moving average is $54.31. 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 (NYSE:ECG) last announced its earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to analyst estimates of $676.35 million. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. Research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rocca Michael Della acquired 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the acquisition, the director now directly owns 2,027 shares of the company’s stock, valued at $96,404.12. This trade represents a 107.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,750 shares of company stock valued at $153,853. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on ECG. Stifel Nicolaus boosted their price target on shares of Everus from $55.00 to $71.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson increased their price target on Everus from $58.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday.

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.