Dakota Wealth Management Acquires New Position in Everus (NYSE:ECG)

Dakota Wealth Management purchased a new stake in Everus (NYSE:ECG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 18,536 shares of the company’s stock, valued at approximately $1,219,000.

Other hedge funds have also made changes to their positions in the company. Mendota Financial Group LLC purchased a new stake in shares of Everus in the 4th quarter valued at approximately $36,000. SeaCrest Wealth Management LLC purchased a new position in shares of Everus during the 4th quarter worth approximately $292,000. Cascade Investment Group Inc. purchased a new position in shares of Everus during the 4th quarter worth approximately $329,000. Forza Wealth Management LLC purchased a new position in shares of Everus during the 4th quarter worth approximately $336,000. Finally, Brady Martz Wealth Solutions LLC purchased a new position in shares of Everus during the 4th quarter worth approximately $472,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ECG shares. DA Davidson initiated coverage on shares of Everus in a research report on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Everus from $71.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Wolfe Research began coverage on shares of Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Finally, Oppenheimer raised their price objective on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th.

Everus Price Performance

Shares of Everus stock opened at $75.60 on Friday. Everus has a 1 year low of $40.05 and a 1 year high of $77.03. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $67.22.

Everus (NYSE:ECG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $760.99 million for the quarter. On average, sell-side analysts anticipate that Everus will post 2.83 earnings per share for the current 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.