Everus (NYSE:ECG) Shares Down 3.9% – What’s Next?

Everus (NYSE:ECG) shares fell 3.9% during trading on Monday . The company traded as low as $36.91 and last traded at $36.98. 295,471 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 762,914 shares. The stock had previously closed at $38.50.

Analysts Set New Price Targets

ECG has been the subject of several recent research reports. Oppenheimer lifted their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stifel Nicolaus cut their target price on shares of Everus from $67.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Everus Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The firm’s 50 day moving average price is $43.17.

Everus (NYSE:ECG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). As a group, research analysts forecast that Everus will post 2.49 earnings per share for the current year.

Insider Activity

In other news, Director Rocca Michael Della acquired 1,050 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the acquisition, the director now owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. This trade represents a 107.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edward A. Ryan bought 1,400 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $38.02 per share, with a total value 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. This represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,750 shares of company stock worth $153,853 over the last 90 days.

Institutional Inflows and Outflows

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

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.