Rivermont Capital Management LP Makes New $15.30 Million Investment in Everus (NYSE:ECG)

Rivermont Capital Management LP bought a new stake in Everus (NYSE:ECG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 232,766 shares of the company’s stock, valued at approximately $15,304,000. Everus makes up approximately 5.8% of Rivermont Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Rivermont Capital Management LP owned about 0.46% of Everus as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ECG. SeaCrest Wealth Management LLC acquired a new position in Everus in the fourth quarter valued at about $292,000. Hennessy Advisors Inc. acquired a new position in shares of Everus in the 4th quarter worth approximately $31,611,000. Brady Martz Wealth Solutions LLC bought a new stake in Everus during the 4th quarter worth approximately $472,000. Cascade Investment Group Inc. acquired a new stake in Everus during the 4th quarter valued at $329,000. Finally, Dakota Wealth Management acquired a new stake in Everus during the 4th quarter valued at $1,219,000.

Insider Activity at Everus

In other Everus news, CFO Maximillian J. Marcy acquired 1,300 shares of Everus stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the purchase, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. The trade was a 30.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rocca Michael Della bought 1,050 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the acquisition, 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. Insiders have bought a total of 3,750 shares of company stock worth $153,853 over the last 90 days. Insiders own 0.21% of the company’s stock.

Everus Price Performance

ECG opened at $59.94 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $40.16. Everus has a one year low of $31.38 and a one year high of $77.93.

Everus (NYSE:ECG) last announced its quarterly earnings data 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. On average, equities analysts anticipate that Everus will post 2.49 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.