Bangor Savings Bank Purchases Shares of 975 Everus (NYSE:ECG)

Bangor Savings Bank purchased a new stake in Everus (NYSE:ECG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 975 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ECG. Yousif Capital Management LLC acquired a new stake in Everus in the fourth quarter valued at $1,326,000. State of Alaska Department of Revenue acquired a new stake in Everus in the fourth quarter valued at $1,901,000. Lecap Asset Management Ltd. acquired a new stake in Everus in the fourth quarter valued at $446,000. Apollon Wealth Management LLC purchased a new position in shares of Everus during the fourth quarter worth about $311,000. Finally, Empowered Funds LLC purchased a new position in shares of Everus during the fourth quarter worth about $110,000.

Everus Stock Performance

Shares of ECG stock opened at $61.37 on Monday. The stock’s 50-day moving average is $47.18 and its two-hundred day moving average is $54.29. Everus has a 1 year low of $31.38 and a 1 year high of $77.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.29. The company had revenue of $826.63 million for the quarter, compared to analysts’ expectations of $676.35 million. Everus’s quarterly revenue was up 32.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Everus will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ECG. DA Davidson raised their price objective on Everus from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Stifel Nicolaus raised their price objective on Everus from $55.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 16th.

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.