Colonial Trust Co SC Makes New $50,000 Investment in Everus (NYSE:ECG)

Colonial Trust Co SC purchased a new position in Everus (NYSE:ECG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 756 shares of the company’s stock, valued at approximately $50,000.

Other large investors also recently made changes to their positions in the company. Forza Wealth Management LLC bought a new position in shares of Everus in the 4th quarter valued at approximately $336,000. Mendota Financial Group LLC bought a new position in shares of Everus in the fourth quarter valued at approximately $36,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Everus in the fourth quarter worth $292,000. Hennessy Advisors Inc. acquired a new stake in shares of Everus in the fourth quarter worth $31,611,000. Finally, Brady Martz Wealth Solutions LLC bought a new stake in shares of Everus during the 4th quarter worth $472,000.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their target price on shares of Everus from $67.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th.

Everus Stock Down 0.5 %

Shares of NYSE ECG opened at $48.02 on Friday. Everus has a 12 month low of $31.38 and a 12 month high of $77.93. The stock has a 50 day simple moving average of $39.31. 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 earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, equities research analysts expect that Everus will post 2.49 EPS for the current year.

Insider Activity at Everus

In other news, Director Edward A. Ryan purchased 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, with a total value of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rocca Michael Della acquired 1,050 shares of Everus stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,750 shares of company stock worth $153,853. Company insiders own 0.21% of the company’s stock.

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.