Cascade Investment Group Inc. Makes New $329,000 Investment in Everus (NYSE:ECG)

Cascade Investment Group Inc. acquired a new stake in shares of Everus (NYSE:ECG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,000 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ECG. Mendota Financial Group LLC purchased a new position in Everus during the 4th quarter worth approximately $36,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus in the 4th quarter valued at about $292,000. Forza Wealth Management LLC acquired a new position in shares of Everus during the 4th quarter worth approximately $336,000. Brady Martz Wealth Solutions LLC purchased a new position in Everus during the fourth quarter valued at $472,000. Finally, Hennessy Advisors Inc. purchased a new position in Everus in the 4th quarter valued at about $31,611,000.

Everus Trading Up 5.2 %

NYSE ECG opened at $69.74 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $66.15. Everus has a 52 week low of $40.05 and a 52 week high of $73.83.

Analyst Upgrades and Downgrades

ECG has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Wolfe Research initiated coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company. Stifel Nicolaus lifted their target price on shares of Everus from $71.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, DA Davidson assumed coverage on shares of Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price target on the stock.

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.