OMERS ADMINISTRATION Corp Invests $533,000 in Everus (NYSE:ECG)

OMERS ADMINISTRATION Corp purchased a new stake in Everus (NYSE:ECG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,100 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ECG. Principal Financial Group Inc. bought a new stake in Everus in the fourth quarter valued at approximately $16,241,000. Yousif Capital Management LLC bought a new stake in shares of Everus in the 4th quarter valued at $1,326,000. Principal Securities Inc. acquired a new stake in Everus during the 4th quarter worth $27,000. Cascade Investment Advisors Inc. bought a new position in Everus during the fourth quarter worth about $1,272,000. Finally, Register Financial Advisors LLC bought a new position in Everus during the fourth quarter worth about $3,167,000.

Insider Buying and Selling at Everus

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the purchase, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. This represents a 30.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought 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 $567,562.56. This represents a 10.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,750 shares of company stock worth $153,853. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ECG shares. DA Davidson increased their price target on Everus from $58.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on Everus from $55.00 to $71.00 and gave the company a “buy” rating in a research report on Friday.

Everus Stock Down 3.0%

ECG opened at $59.39 on Monday. 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 has a 12 month low of $31.38 and a 12 month high of $77.93. The firm’s fifty day simple moving average is $41.05 and its 200 day simple moving average is $54.31.

Everus (NYSE:ECG) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to the consensus estimate of $676.35 million. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. On average, research analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

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.