Ionic Capital Management LLC Makes New $1.18 Million Investment in Everus (NYSE:ECG)

Ionic Capital Management LLC bought a new position in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,006 shares of the company’s stock, valued at approximately $1,184,000.

A number of other institutional investors have also made changes to their positions in ECG. SRS Capital Advisors Inc. acquired a new position in Everus in the fourth quarter worth $26,000. Principal Securities Inc. acquired a new position in shares of Everus in the 4th quarter valued at about $27,000. HighMark Wealth Management LLC bought a new stake in shares of Everus during the 4th quarter valued at about $28,000. Crews Bank & Trust acquired a new stake in Everus during the fourth quarter worth about $29,000. Finally, Mendota Financial Group LLC acquired a new stake in Everus during the fourth quarter worth about $36,000.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, with a total value of $53,228.00. Following the completion of the acquisition, the director now directly owns 14,928 shares of the company’s stock, valued at $567,562.56. This trade represents a 10.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maximillian J. Marcy bought 1,300 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 5,508 shares in the company, valued at $214,756.92. This represents a 30.89 % increase in their ownership of the stock. 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. 0.21% of the stock is currently owned by corporate insiders.

Everus Stock Performance

Everus stock opened at $48.02 on Friday. 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 one year low of $31.38 and a one year high of $77.93. The business’s 50-day moving average price is $39.31.

Everus (NYSE:ECG) last posted its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, research analysts predict 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.