ING Groep NV Invests $2.38 Million in Everus (NYSE:ECG)

ING Groep NV acquired a new stake in shares of Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,250 shares of the company’s stock, valued at approximately $2,383,000. ING Groep NV owned 0.07% of Everus at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Everus during the fourth quarter valued at $27,000. HighMark Wealth Management LLC bought a new stake in Everus in the 4th quarter valued at about $28,000. Crews Bank & Trust acquired a new position in Everus during the 4th quarter valued at about $29,000. Mendota Financial Group LLC acquired a new stake in shares of Everus in the fourth quarter valued at approximately $36,000. Finally, Blue Trust Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $38,000.

Everus Stock Performance

ECG opened at $43.60 on Friday. The business has a 50 day moving average price of $65.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 1-year low of $40.05 and a 1-year high of $77.93.

Everus (NYSE:ECG) last announced 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). Sell-side analysts anticipate that Everus will post 2.49 EPS for the current year.

Analysts Set New Price Targets

ECG has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased 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. Wolfe Research initiated coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Oppenheimer increased their target price on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.

Insider Activity

In related news, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought 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 owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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.