Montgomery Investment Management Inc. Purchases Shares of 11,642 Everus (NYSE:ECG)

Montgomery Investment Management Inc. purchased a new stake in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,642 shares of the company’s stock, valued at approximately $765,000.

Several other large investors have also recently added to or reduced their stakes in ECG. Hennessy Advisors Inc. acquired a new position in Everus in the 4th quarter valued at approximately $31,611,000. Moody Aldrich Partners LLC acquired a new position in shares of Everus in the 4th quarter worth approximately $4,359,000. Register Financial Advisors LLC acquired a new position in shares of Everus in the 4th quarter worth approximately $3,167,000. Calamos Advisors LLC acquired a new position in shares of Everus in the 4th quarter worth approximately $1,895,000. Finally, Swedbank AB acquired a new position in shares of Everus in the 4th quarter worth approximately $1,644,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ECG shares. DA Davidson started coverage on Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price for the company. Oppenheimer increased their target price on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Wolfe Research started coverage on Everus in a report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus increased their target price on Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th.

Everus Stock Performance

NYSE ECG opened at $67.55 on Wednesday. Everus has a one year low of $40.05 and a one year high of $77.93. The stock’s 50 day simple moving average is $68.41. 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 released its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 EPS for the quarter. The business had revenue of $760.99 million for the quarter. As a group, equities research analysts forecast that Everus will post 2.83 EPS for the current fiscal year.

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.