Cohen Capital Management Inc. Purchases Shares of 6,580 Everus (NYSE:ECG)

Cohen Capital Management Inc. purchased a new stake in Everus (NYSE:ECG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,580 shares of the company’s stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in Everus in the fourth quarter valued at approximately $1,710,000. ING Groep NV purchased a new stake in shares of Everus during the 4th quarter valued at $2,383,000. Private Advisor Group LLC acquired a new stake in shares of Everus in the 4th quarter worth $1,192,000. Allied Investment Advisors LLC acquired a new stake in shares of Everus in the 4th quarter worth $365,000. Finally, New York State Common Retirement Fund purchased a new position in Everus during the 4th quarter worth $3,472,000.

Insider Buying and Selling

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost 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 in the company, valued at $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Everus Stock Performance

Shares of NYSE:ECG opened at $43.60 on Friday. 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 52-week low of $40.05 and a 52-week high of $77.93. The business has a 50-day moving average price of $65.84.

Everus (NYSE:ECG) last issued its quarterly earnings results 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). Analysts forecast that Everus will post 2.49 EPS for the current year.

Analyst Ratings Changes

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

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.