Pictet Asset Management Holding SA Invests $517,000 in Everus (NYSE:ECG)

Pictet Asset Management Holding SA bought a new stake in Everus (NYSE:ECG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,858 shares of the company’s stock, valued at approximately $517,000.

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

Everus Stock Performance

ECG opened at $34.98 on Wednesday. Everus has a 12 month low of $31.38 and a 12 month high of $77.93. The company has a 50-day simple moving average of $45.53. 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 (NYSE:ECG) last released 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). Research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Insider Activity

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the acquisition, the director now owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rocca Michael Della acquired 1,050 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the purchase, the director now owns 2,027 shares of the company’s stock, valued at $96,404.12. This trade represents a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 3,750 shares of company stock valued at $153,853 in the last ninety days.

Analyst Ratings Changes

A number of brokerages have recently commented on ECG. Stifel Nicolaus lowered their price target on shares of Everus from $85.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Oppenheimer lifted their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th.

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.