American Century Companies Inc. Purchases New Holdings in Everus (NYSE:ECG)

American Century Companies Inc. acquired a new stake in Everus (NYSE:ECG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 755,131 shares of the company’s stock, valued at approximately $49,650,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ECG. Hennessy Advisors Inc. bought a new position in shares of Everus in the fourth quarter worth $31,611,000. US Bancorp DE bought a new position in Everus in the 4th quarter valued at about $28,332,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Everus in the 4th quarter valued at approximately $27,031,000. Principal Financial Group Inc. bought a new stake in shares of Everus during the 4th quarter worth approximately $16,241,000. Finally, Swiss National Bank acquired a new stake in shares of Everus during the 4th quarter worth approximately $6,266,000.

Analyst Upgrades and Downgrades

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

Insider Transactions at Everus

In other Everus news, CFO Maximillian J. Marcy purchased 1,300 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the completion of the purchase, the chief financial officer now owns 5,508 shares of the company’s stock, valued at approximately $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rocca Michael Della acquired 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, the director now owns 2,027 shares of the company’s stock, valued at $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,750 shares of company stock worth $153,853.

Everus Stock Performance

Shares of Everus stock opened at $36.89 on Thursday. The company has a 50 day moving average of $52.60. 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 fifty-two week low of $36.28 and a fifty-two week high of $77.93.

Everus (NYSE:ECG) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, research analysts anticipate that Everus will post 2.49 EPS for the current 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.