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

Shares of Everus (NYSE:ECG) reached a new 52-week low on Wednesday . The stock traded as low as $36.82 and last traded at $37.33, with a volume of 136334 shares trading hands. The stock had previously closed at $38.58.

Wall Street Analysts Forecast Growth

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

Everus Price Performance

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 stock’s fifty day moving average price is $53.27.

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

Insider Activity

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the acquisition, the director now owns 2,027 shares of the company’s stock, valued at $96,404.12. This represents a 107.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maximillian J. Marcy bought 1,300 shares of the stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of $38.99 per share, for a total transaction of $50,687.00. Following the purchase, the chief financial officer now owns 5,508 shares in the company, valued at approximately $214,756.92. This represents a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,750 shares of company stock valued at $153,853 over the last three months.

Institutional Investors Weigh In On Everus

Institutional investors have recently modified their holdings of the stock. Forza Wealth Management LLC purchased a new stake in shares of Everus during the fourth quarter worth $336,000. Mendota Financial Group LLC purchased a new stake in shares of Everus during the 4th quarter worth about $36,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Everus during the 4th quarter valued at about $292,000. Hennessy Advisors Inc. bought a new stake in shares of Everus in the 4th quarter valued at approximately $31,611,000. Finally, Brady Martz Wealth Solutions LLC bought a new position in Everus during the fourth quarter valued at approximately $472,000.

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.