146,571 Shares in Everus (NYSE:ECG) Acquired by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc bought a new position in shares of Everus (NYSE:ECG) during the fourth quarter, HoldingsChannel.com reports. The firm bought 146,571 shares of the company’s stock, valued at approximately $9,637,000.

Several other large investors have also added to or reduced their stakes in ECG. Forza Wealth Management LLC purchased a new stake in shares of Everus in the fourth quarter worth $336,000. Mendota Financial Group LLC purchased a new stake in Everus in the 4th quarter worth $36,000. SeaCrest Wealth Management LLC bought a new stake in Everus during the fourth quarter valued at about $292,000. Hennessy Advisors Inc. purchased a new position in shares of Everus in the fourth quarter valued at about $31,611,000. Finally, Brady Martz Wealth Solutions LLC bought a new position in shares of Everus in the fourth quarter worth about $472,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ECG shares. Stifel Nicolaus lowered their price target on Everus from $67.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer upped their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Insiders Place Their Bets

In related news, Director Edward A. Ryan acquired 1,400 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost 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 in the company, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maximillian J. Marcy bought 1,300 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, with a total value of $50,687.00. Following 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 disclosure for this purchase can be found here. Insiders acquired 3,750 shares of company stock valued at $153,853 in the last three months.

Everus Price Performance

Shares of Everus stock opened at $38.45 on Friday. The company’s 50 day moving average price is $43.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 12 month low of $31.38 and a 12 month high of $77.93.

Everus (NYSE:ECG) last posted its 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, analysts forecast that Everus will post 2.49 earnings per share 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.