Everus (NYSE:ECG) Sets New 12-Month Low – What’s Next?

Shares of Everus (NYSE:ECG) reached a new 52-week low during trading on Wednesday . The company traded as low as $36.82 and last traded at $37.33, with a volume of 136334 shares. The stock had previously closed at $38.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ECG shares. Wolfe Research started coverage on shares of Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Oppenheimer boosted 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. Finally, 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.

Everus Stock Up 3.3 %

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 business’s fifty day moving average is $51.97.

Everus (NYSE:ECG) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, equities analysts expect that Everus will post 2.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Rocca Michael Della purchased 1,050 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost 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 in the company, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,750 shares of company stock worth $153,853.

Institutional Trading of Everus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. Wealth Enhancement Advisory Services LLC bought a new position in Everus in the fourth quarter worth approximately $333,000. Wood Tarver Financial Group LLC bought a new position in shares of Everus in the 4th quarter worth $75,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Everus in the 4th quarter valued at $3,066,000. Jefferies Financial Group Inc. bought a new stake in Everus during the 4th quarter valued at $801,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Everus during the fourth quarter worth $6,286,000.

Everus Company 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.