Amalgamated Bank Takes $1.04 Million Position in Everus (NYSE:ECG)

Amalgamated Bank acquired a new position in Everus (NYSE:ECG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,866 shares of the company’s stock, valued at approximately $1,043,000.

Other large investors have also modified their holdings of the company. Cohen Capital Management Inc. bought a new position in Everus in the 4th quarter worth $433,000. Wolverine Asset Management LLC bought a new position in shares of Everus in the fourth quarter worth about $1,710,000. ING Groep NV acquired a new position in shares of Everus during the 4th quarter worth about $2,383,000. Private Advisor Group LLC acquired a new position in shares of Everus during the 4th quarter worth about $1,192,000. Finally, Allied Investment Advisors LLC bought a new stake in Everus during the 4th quarter valued at approximately $365,000.

Insider Activity at Everus

In related news, Director Rocca Michael Della purchased 1,050 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, with a total value of $49,938.00. Following the purchase, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,750 shares of company stock valued at $153,853 over the last quarter.

Everus Stock Performance

ECG opened at $39.38 on Tuesday. The company’s 50 day moving average price is $63.22. 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 $37.84 and a 1 year high of $77.93.

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

Analysts Set New Price Targets

Several research analysts have commented on ECG shares. Stifel Nicolaus dropped their price target on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Wolfe Research started coverage on shares of Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer upped 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. Finally, DA Davidson initiated coverage on shares of Everus in a research report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price target on the stock.

About Everus

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.