Cascade Investment Advisors Inc. Makes New Investment in Everus (NYSE:ECG)

Cascade Investment Advisors Inc. purchased a new stake in shares of Everus (NYSE:ECG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 19,350 shares of the company’s stock, valued at approximately $1,272,000.

Several other large investors have also made changes to their positions in the company. Hennessy Advisors Inc. bought a new position in Everus during the fourth quarter valued at approximately $31,611,000. Register Financial Advisors LLC acquired a new position in shares of Everus during the 4th quarter worth $3,167,000. Dakota Wealth Management bought a new position in shares of Everus during the 4th quarter valued at $1,219,000. SG Americas Securities LLC acquired a new stake in shares of Everus in the 4th quarter valued at $669,000. Finally, Brady Martz Wealth Solutions LLC acquired a new stake in Everus in the 4th quarter worth approximately $472,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Oppenheimer boosted their target price 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. Stifel Nicolaus increased their target price on Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Finally, DA Davidson started coverage on Everus in a report on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective on the stock.

Everus Trading Down 10.2 %

Shares of Everus stock opened at $68.89 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $67.83. Everus has a 12-month low of $40.05 and a 12-month high of $77.93.

Everus (NYSE:ECG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $760.99 million for the quarter. On average, equities research analysts expect that Everus will post 2.83 EPS 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.