Everus (NYSE:ECG) Given New $55.00 Price Target at Stifel Nicolaus

Everus (NYSE:ECG) had its price objective trimmed by Stifel Nicolaus from $67.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th.

Everus Price Performance

Shares of Everus stock opened at $38.45 on Wednesday. Everus has a 52-week low of $31.38 and a 52-week high of $77.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The firm has a fifty day simple moving average of $43.17.

Everus (NYSE:ECG) last posted 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). As a group, research analysts anticipate that Everus will post 2.49 EPS for the current year.

Insider Buying and Selling at Everus

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 2,027 shares of the company’s stock, valued at $96,404.12. This represents a 107.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maximillian J. Marcy acquired 1,300 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost 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 in the company, valued at approximately $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 3,750 shares of company stock worth $153,853 over the last ninety days.

Hedge Funds Weigh In On Everus

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

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.