Everus (NYSE:ECG) Hits New 1-Year Low – Here’s Why

Everus (NYSE:ECG) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $32.68 and last traded at $33.18, with a volume of 19666 shares trading hands. The stock had previously closed at $35.31.

Wall Street Analyst Weigh In

Several research firms have recently commented on ECG. Stifel Nicolaus decreased their price objective on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Oppenheimer lifted their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th.

Everus Stock 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 moving average price is $47.50.

Everus (NYSE:ECG) last issued its quarterly earnings data 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, sell-side analysts predict that Everus will post 2.49 EPS for the current year.

Insider Buying and Selling at Everus

In other news, CFO Maximillian J. Marcy bought 1,300 shares of Everus stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the acquisition, the chief financial officer now owns 5,508 shares of the company’s stock, valued at approximately $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edward A. Ryan bought 1,400 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, with a total value 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 3,750 shares of company stock valued at $153,853.

Institutional Trading of Everus

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