Smith Moore & CO. Invests $334,000 in Everus (NYSE:ECG)

Smith Moore & CO. acquired a new stake in shares of Everus (NYSE:ECG) during the 4th quarter, Holdings Channel reports. The fund acquired 5,073 shares of the company’s stock, valued at approximately $334,000.

A number of other large investors also recently modified their holdings of ECG. SRS Capital Advisors Inc. bought a new stake in Everus during the fourth quarter valued at about $26,000. Principal Securities Inc. purchased a new stake in shares of Everus during the fourth quarter worth about $27,000. HighMark Wealth Management LLC bought a new stake in Everus during the 4th quarter valued at approximately $28,000. Crews Bank & Trust purchased a new position in Everus in the 4th quarter worth approximately $29,000. Finally, Mendota Financial Group LLC bought a new position in Everus in the 4th quarter worth approximately $36,000.

Everus Stock Down 4.7 %

NYSE:ECG opened at $33.67 on Friday. 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 1 year low of $31.38 and a 1 year high of $77.93. The business has a 50 day moving average price of $47.50.

Everus (NYSE:ECG) last released its quarterly 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). Analysts expect that Everus will post 2.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ECG shares. Oppenheimer lifted their price objective 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. Stifel Nicolaus reduced their price target on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, February 13th.

Insider Activity at Everus

In related news, Director Rocca Michael Della purchased 1,050 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward A. Ryan acquired 1,400 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 3,750 shares of company stock valued at $153,853.

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.