EverSource Wealth Advisors LLC Buys New Holdings in Everus (NYSE:ECG)

EverSource Wealth Advisors LLC bought a new stake in Everus (NYSE:ECG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 856 shares of the company’s stock, valued at approximately $56,000.

Other large investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in Everus in the fourth quarter valued at approximately $31,611,000. US Bancorp DE acquired a new position in Everus in the fourth quarter valued at approximately $28,332,000. Charles Schwab Investment Management Inc. acquired a new position in Everus in the fourth quarter valued at approximately $27,031,000. Principal Financial Group Inc. acquired a new position in Everus in the fourth quarter valued at approximately $16,241,000. Finally, M&T Bank Corp acquired a new position in Everus in the fourth quarter valued at approximately $5,147,000.

Everus Stock Performance

Shares of ECG stock opened at $40.01 on Thursday. The company has a fifty day moving average price of $55.42. 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 fifty-two week low of $36.96 and a fifty-two week high of $77.93.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Rocca Michael Della bought 1,050 shares of the business’s stock in a transaction 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. The trade was a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the transaction, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. The trade was a 30.89 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 3,750 shares of company stock valued at $153,853 in the last three months.

Everus Company 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.