Crews Bank & Trust Makes New $29,000 Investment in Everus (NYSE:ECG)

Crews Bank & Trust acquired a new position in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 442 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds have also made changes to their positions in the business. Mendota Financial Group LLC purchased a new position in Everus in the 4th quarter valued at about $36,000. KBC Group NV acquired a new position in shares of Everus in the fourth quarter worth about $150,000. SeaCrest Wealth Management LLC purchased a new position in Everus in the fourth quarter valued at about $292,000. Cascade Investment Group Inc. acquired a new stake in Everus during the 4th quarter valued at approximately $329,000. Finally, Forza Wealth Management LLC purchased a new stake in Everus during the 4th quarter worth approximately $336,000.

Everus Stock Performance

Everus stock opened at $68.62 on Friday. Everus has a 1 year low of $40.05 and a 1 year high of $77.93. The business has a 50-day simple moving average of $68.29. 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 (NYSE:ECG) last issued its earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $760.99 million during the quarter. On average, equities research analysts forecast that Everus will post 2.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ECG. 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 on the stock. Wolfe Research initiated coverage on shares of Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Stifel Nicolaus lifted their price target on Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Oppenheimer upped their price objective on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th.

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.