Cascade Investment Group Inc. Acquires Shares of 5,000 Everus (NYSE:ECG)

Cascade Investment Group Inc. bought a new position in Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ECG. SeaCrest Wealth Management LLC bought a new position in Everus during the fourth quarter valued at approximately $292,000. Hennessy Advisors Inc. purchased a new stake in shares of Everus during the 4th quarter worth approximately $31,611,000. Mendota Financial Group LLC purchased a new stake in shares of Everus during the 4th quarter worth approximately $36,000. Brady Martz Wealth Solutions LLC bought a new position in shares of Everus during the 4th quarter valued at approximately $472,000. Finally, Forza Wealth Management LLC purchased a new position in shares of Everus in the fourth quarter valued at $336,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ECG shares. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer upped their target price on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on Everus from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, DA Davidson assumed coverage on Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price objective on the stock.

Everus Price Performance

Shares of ECG opened at $69.74 on Monday. The company has a fifty day moving average price of $66.15. 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 has a twelve month low of $40.05 and a twelve month high of $73.83.

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.