Everus (NYSE:ECG) Hits New 1-Year Low – What’s Next?

Everus (NYSE:ECG)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $36.96 and last traded at $37.74, with a volume of 376173 shares changing hands. The stock had previously closed at $38.98.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ECG. Stifel Nicolaus lowered their target price on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Finally, Oppenheimer lifted their target price 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.

Everus Stock Up 0.8 %

The company’s fifty day moving average price is $54.89. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

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

Insiders Place Their Bets

In other Everus news, Director Rocca Michael Della bought 1,050 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward A. Ryan purchased 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $38.02 per share, with a total value of $53,228.00. Following the transaction, the director now owns 14,928 shares in the company, valued at $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,750 shares of company stock valued at $153,853.

Institutional Investors Weigh In On Everus

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new position in Everus during the fourth quarter worth about $16,241,000. Yousif Capital Management LLC acquired a new position in Everus during the fourth quarter valued at approximately $1,326,000. Principal Securities Inc. bought a new stake in Everus in the fourth quarter valued at approximately $27,000. Cascade Investment Advisors Inc. acquired a new stake in Everus in the fourth quarter worth $1,272,000. Finally, Register Financial Advisors LLC bought a new position in shares of Everus during the fourth quarter worth $3,167,000.

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.