Everus (NYSE:ECG) Stock Price Up 2.5% – Still a Buy?

Everus (NYSE:ECG) rose 2.5% during mid-day trading on Friday . The company traded as high as $35.63 and last traded at $35.85. Approximately 527,428 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 735,076 shares. The stock had previously closed at $34.97.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stifel Nicolaus decreased their price target on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Wolfe Research initiated coverage on Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating for the company.

Everus Price Performance

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 simple moving average is $51.30.

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

Insiders Place Their Bets

In other Everus news, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares of the company’s stock, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the purchase, the director now directly owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,750 shares of company stock worth $153,853.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. bought a new position in Everus during the 4th quarter valued at $26,000. Principal Securities Inc. bought a new position in shares of Everus during the fourth quarter valued at about $27,000. HighMark Wealth Management LLC purchased a new position in Everus during the fourth quarter worth about $28,000. Crews Bank & Trust bought a new stake in Everus in the 4th quarter worth about $29,000. Finally, Quarry LP purchased a new stake in Everus in the 4th quarter valued at about $36,000.

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.