Essex Investment Management Co. LLC Buys Shares of 22,751 Everus (NYSE:ECG)

Essex Investment Management Co. LLC bought a new position in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,751 shares of the company’s stock, valued at approximately $1,496,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. AlphaQuest LLC purchased a new stake in Everus in the 4th quarter worth about $923,000. HM Payson & Co. purchased a new stake in shares of Everus in the fourth quarter worth approximately $61,000. PNC Financial Services Group Inc. purchased a new stake in shares of Everus in the fourth quarter worth approximately $454,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Everus during the fourth quarter worth approximately $248,000. Finally, M&T Bank Corp purchased a new position in Everus during the fourth quarter valued at approximately $5,147,000.

Insider Transactions at Everus

In other news, Director Edward A. Ryan bought 1,400 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, with a total value of $53,228.00. Following the transaction, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $47.56 per share, with a total value 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 approximately $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 purchased 3,750 shares of company stock worth $153,853.

Wall Street Analyst Weigh In

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

Everus Stock Up 1.3 %

Shares of ECG opened at $40.05 on Monday. 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 twelve month low of $37.18 and a twelve month high of $77.93. The company’s 50 day simple moving average is $60.08.

Everus (NYSE:ECG) last released its quarterly earnings data 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 forecast that Everus will post 2.49 earnings per share 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.