Everus (NYSE:ECG) Stock Price Down 6.3% – Time to Sell?

Shares of Everus (NYSE:ECG) dropped 6.3% on Tuesday . The stock traded as low as $38.90 and last traded at $38.76. Approximately 140,194 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 745,812 shares. The stock had previously closed at $41.35.

Analyst Ratings Changes

ECG has been the topic of a number of recent analyst reports. Wolfe Research began coverage on Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Oppenheimer boosted their price target on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price objective 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.

Everus Stock Down 5.1 %

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 business has a fifty day moving average of $52.60.

Everus (NYSE:ECG) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). On average, equities analysts expect that Everus will post 2.49 EPS for the current year.

Insider Buying and Selling

In other news, CFO Maximillian J. Marcy acquired 1,300 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares of the company’s stock, valued at $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now owns 14,928 shares of the company’s stock, valued at $567,562.56. The trade was a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,750 shares of company stock worth $153,853 in the last quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new position in shares of Everus in the 4th quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in Everus during the fourth quarter worth $27,000. HighMark Wealth Management LLC bought a new position in Everus in the 4th quarter valued at $28,000. Crews Bank & Trust bought a new position in Everus in the 4th quarter valued at $29,000. Finally, Quarry LP purchased a new stake in shares of Everus during the 4th quarter valued at $36,000.

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.