19,350 Shares in Everus (NYSE:ECG) Purchased by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. purchased a new stake in Everus (NYSE:ECG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,350 shares of the company’s stock, valued at approximately $1,272,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ECG. Mendota Financial Group LLC bought a new stake in shares of Everus in the 4th quarter worth approximately $36,000. KBC Group NV bought a new position in shares of Everus in the fourth quarter valued at $150,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Everus during the 4th quarter valued at $292,000. Cascade Investment Group Inc. bought a new stake in shares of Everus during the 4th quarter worth $329,000. Finally, Forza Wealth Management LLC acquired a new position in shares of Everus in the 4th quarter worth $336,000.

Everus Trading Down 10.2 %

Shares of ECG stock opened at $68.89 on Tuesday. The company’s fifty day simple moving average is $67.83. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Everus has a 1-year low of $40.05 and a 1-year high of $77.93.

Everus (NYSE:ECG) last released its earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share for the quarter. The business had revenue of $760.99 million for the quarter. Equities analysts predict that Everus will post 2.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their target price on Everus from $78.00 to $85.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer boosted their price objective on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Wolfe Research assumed coverage on shares of Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating 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.