Everus (NYSE:ECG) Director Edward A. Ryan Purchases 1,400 Shares of Stock

Everus (NYSE:ECG) Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now directly owns 14,928 shares of the company’s stock, valued at $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Everus Stock Up 6.8 %

Shares of ECG stock opened at $45.18 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. Everus has a fifty-two week low of $37.84 and a fifty-two week high of $77.93. The firm has a fifty day simple moving average of $64.18.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ECG shares. Stifel Nicolaus reduced their price target on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Wolfe Research began coverage on Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer raised their target price on Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, DA Davidson began coverage on Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price on the stock.

Institutional Trading of Everus

Large investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new stake in shares of Everus in the 4th quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in shares of Everus in the 4th quarter valued at about $27,000. HighMark Wealth Management LLC acquired a new stake in shares of Everus in the 4th quarter valued at about $28,000. Crews Bank & Trust acquired a new position in Everus during the 4th quarter valued at about $29,000. Finally, Mendota Financial Group LLC acquired a new position in Everus during the 4th quarter valued at about $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.