SRS Capital Advisors Inc. Makes New $26,000 Investment in Everus (NYSE:ECG)

SRS Capital Advisors Inc. acquired a new position in shares of Everus (NYSE:ECG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 393 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in shares of Everus during the fourth quarter valued at approximately $28,332,000. Oppenheimer & Co. Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $624,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Everus during the fourth quarter valued at approximately $440,000. Illinois Municipal Retirement Fund bought a new stake in shares of Everus during the fourth quarter valued at approximately $2,289,000. Finally, Amalgamated Bank bought a new stake in shares of Everus during the fourth quarter valued at approximately $1,043,000.

Everus Stock Performance

Shares of NYSE ECG opened at $40.05 on Friday. The firm has a 50 day simple moving average of $60.68. Everus has a fifty-two week low of $37.18 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 data 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). On average, research analysts anticipate that Everus will post 2.49 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on ECG shares. Wolfe Research started coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer increased their price target on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price target on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th.

Insiders Place Their Bets

In other news, CFO Maximillian J. Marcy bought 1,300 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the completion of the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This trade represents a 30.89 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward A. Ryan bought 1,400 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the acquisition, the director now owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,750 shares of company stock worth $153,853.

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.