Caisse Des Depots ET Consignations Buys New Position in Everus (NYSE:ECG)

Caisse Des Depots ET Consignations purchased a new position in Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 761 shares of the company’s stock, valued at approximately $50,000.

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

Insider Activity

In other Everus news, CFO Maximillian J. Marcy bought 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the purchase, 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. Over the last ninety days, insiders bought 3,750 shares of company stock valued at $153,853.

Wall Street Analyst Weigh In

ECG has been the subject of several research reports. Stifel Nicolaus cut their target price on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wolfe Research initiated coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Finally, Oppenheimer lifted their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Everus Stock Up 3.3 %

Shares of Everus stock opened at $36.11 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a one year low of $33.90 and a one year high of $77.93. The stock has a 50 day moving average of $51.30.

Everus (NYSE:ECG) last issued its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

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.