Insider Buying: Everus (NYSE:ECG) Director Acquires 1,050 Shares of Stock

Everus (NYSE:ECG) 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. The trade was a 107.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Everus Price Performance

Shares of ECG traded down $1.18 on Wednesday, hitting $46.72. The company’s stock had a trading volume of 851,576 shares, compared to its average volume of 705,874. Everus has a fifty-two week low of $40.05 and a fifty-two 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 business has a fifty day moving average of $67.57.

Everus (NYSE:ECG) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). Sell-side analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Everus

Large investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. bought a new stake in Everus in the 4th quarter valued at $26,000. Principal Securities Inc. bought a new stake in Everus in the 4th quarter valued at $27,000. HighMark Wealth Management LLC bought a new stake in Everus in the 4th quarter valued at $28,000. Crews Bank & Trust bought a new stake in Everus in the 4th quarter valued at $29,000. Finally, Quarry LP bought a new stake in Everus in the 4th quarter valued at $36,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on ECG shares. Wolfe Research assumed coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating for the company. Stifel Nicolaus decreased their price objective on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. DA Davidson started coverage on Everus in a research report on Monday, November 4th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Oppenheimer boosted their price objective on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.

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.