Everus Stock Up 100% in a Year as One Fund Discloses New $185 Million Stake
The Motley Fool
by newsfeedback@fool.com (Jonathan Ponciano)February 24, 2026
AI-Generated Deep Dive Summary
Wasatch Advisors has made a significant move in the financial markets by acquiring a new stake in Everus Construction Group (NYSE:ECG). The investment firm disclosed its purchase of 2,160,337 shares worth $184.84 million through an SEC filing on February 12, 2026. This substantial investment highlights growing confidence in Everus's potential as a key player in the engineering and construction sector.
Everus Construction Group operates across the Midwest and major metropolitan markets, offering utility infrastructure, specialty equipment, and maintenance services. The company’s diversified approach integrates both construction and manufacturing expertise, enabling it to secure long-term contracts and recurring revenue streams from major utility and commercial clients. This strategic focus on integrated solutions positions Everus as a competitive leader in its industry.
The investment by Wasatch Advisors underscores the strength of Everus's business model and market position. By acquiring such a significant stake, Wasatch signals its belief in Everus’s ability to deliver sustained growth and value. This move could also influence other investors to take notice, potentially driving further interest in Everus stock.
For readers interested in finance and investing, this development highlights the importance of identifying companies with strong market positions and diversified revenue streams. Everus’s strategic focus on utility infrastructure aligns with broader trends in infrastructure investment, making it an intriguing opportunity for growth-oriented investors.
In summary, Wasatch Advisors’ $185 million stake in Everus Construction Group reflects confidence in the company’s ability to capitalize on its position as a key player in utility and specialty equipment services. This investment not only bolsters Everus
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Originally published on The Motley Fool on 2/24/2026