Angeles Wealth Management LLC Invests $550,000 in Everus (NYSE:ECG)

Angeles Wealth Management LLC bought a new stake in Everus (NYSE:ECG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,370 shares of the company’s stock, valued at approximately $550,000.

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

Everus Stock Performance

Shares of ECG stock opened at $70.42 on Monday. 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 fifty-two week low of $40.05 and a fifty-two week high of $77.93. The firm has a fifty day moving average price of $68.75.

Wall Street Analysts Forecast Growth

ECG has been the topic of several analyst reports. Oppenheimer lifted their target price on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Wolfe Research initiated coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating for the company. DA Davidson assumed coverage on Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

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.