Intech Investment Management LLC Purchases Shares of 83,430 Everus (NYSE:ECG)

Intech Investment Management LLC purchased a new stake in shares of Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 83,430 shares of the company’s stock, valued at approximately $5,486,000. Intech Investment Management LLC owned approximately 0.16% of Everus at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Everus in the fourth quarter worth $3,893,000. Thrivent Financial for Lutherans purchased a new position in shares of Everus in the fourth quarter worth $2,590,000. Corient Private Wealth LLC purchased a new position in shares of Everus in the fourth quarter worth $239,000. Natixis Advisors LLC purchased a new position in shares of Everus in the fourth quarter worth $935,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Everus in the fourth quarter worth $2,129,000.

Everus Stock Performance

Shares of ECG opened at $37.74 on Wednesday. The stock has a fifty day simple moving average of $55.95. Everus has a fifty-two week low of $36.96 and a fifty-two week high of $77.93. 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 (NYSE:ECG) last announced 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). As a group, sell-side analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Insider Buying and Selling at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rocca Michael Della acquired 1,050 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, the director now directly owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 3,750 shares of company stock worth $153,853 over the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wolfe Research assumed coverage on shares of Everus in a report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Finally, Stifel Nicolaus lowered their target price 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.

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.