Everus (NYSE:ECG) Trading Down 3.9% – Here’s What Happened

Everus (NYSE:ECG) was down 3.9% during mid-day trading on Monday . The stock traded as low as $36.91 and last traded at $36.98. Approximately 295,471 shares traded hands during trading, a decline of 61% from the average daily volume of 762,914 shares. The stock had previously closed at $38.50.

Analysts Set New Price Targets

ECG has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on Everus from $67.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Oppenheimer increased their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

Everus Price Performance

The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $43.17.

Everus (NYSE:ECG) last announced its 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, research analysts anticipate that Everus will post 2.49 earnings per share for the current year.

Insider Activity at Everus

In other Everus news, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $38.02 per share, with a total value of $53,228.00. Following the completion of the transaction, the director now owns 14,928 shares in the company, valued at approximately $567,562.56. This trade represents a 10.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rocca Michael Della acquired 1,050 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 3,750 shares of company stock valued at $153,853 over the last 90 days.

Institutional Investors Weigh In On Everus

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. acquired a new stake in Everus in the 4th quarter worth approximately $365,965,000. Dimensional Fund Advisors LP acquired a new stake in shares of Everus during the fourth quarter worth $120,578,000. Invesco Ltd. purchased a new stake in shares of Everus during the fourth quarter valued at $65,337,000. Alliancebernstein L.P. purchased a new stake in shares of Everus during the fourth quarter valued at $53,131,000. Finally, American Century Companies Inc. purchased a new position in Everus in the 4th quarter worth $49,650,000.

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.