D.A. Davidson & CO. Buys Shares of 18,879 Everus (NYSE:ECG)

D.A. Davidson & CO. purchased a new stake in shares of Everus (NYSE:ECG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 18,879 shares of the company’s stock, valued at approximately $1,241,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Forza Wealth Management LLC bought a new stake in shares of Everus during the 4th quarter valued at $336,000. Mendota Financial Group LLC bought a new position in shares of Everus in the fourth quarter worth about $36,000. SeaCrest Wealth Management LLC bought a new stake in shares of Everus during the fourth quarter valued at approximately $292,000. Hennessy Advisors Inc. purchased a new stake in Everus in the 4th quarter worth $31,611,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in Everus during the 4th quarter valued at approximately $472,000.

Everus Trading Down 6.3 %

Shares of Everus stock opened at $43.60 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $65.84. Everus has a one year low of $40.05 and a one year high of $77.93.

Everus (NYSE:ECG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 Activity

In related news, Director Rocca Michael Della acquired 1,050 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $47.56 per share, with a total value of $49,938.00. Following the acquisition, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This represents a 107.47 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

A number of analysts have recently weighed in 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. DA Davidson started coverage on Everus in a research report on Monday, November 4th. They set a “neutral” rating and a $55.00 target price for the company. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Finally, Stifel Nicolaus decreased their target price on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, February 13th.

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.