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

Everus (NYSE:ECG)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $37.04 and last traded at $37.05, with a volume of 274907 shares changing hands. The stock had previously closed at $38.73.

Wall Street Analysts Forecast Growth

ECG has been the topic of a number of research analyst reports. Wolfe Research began coverage on Everus in a report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. Oppenheimer raised their price target on Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price objective on Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, February 13th.

Everus Price Performance

The business has a 50-day moving average price of $58.41. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last announced its 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). As a group, analysts expect that Everus will post 2.49 EPS for the current year.

Insider Activity at Everus

In related news, CFO Maximillian J. Marcy purchased 1,300 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price 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 of the company’s stock, valued at $214,756.92. This trade represents a 30.89 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rocca Michael Della purchased 1,050 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, the director now owns 2,027 shares in the company, valued at approximately $96,404.12. The trade was a 107.47 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,750 shares of company stock valued at $153,853 over the last ninety days.

Hedge Funds Weigh In On Everus

A number of institutional investors have recently modified their holdings of the stock. Wood Tarver Financial Group LLC purchased a new position in Everus during the fourth quarter valued at approximately $75,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Everus during the 4th quarter valued at approximately $3,066,000. Jefferies Financial Group Inc. acquired a new position in shares of Everus in the 4th quarter valued at $801,000. Polar Asset Management Partners Inc. purchased a new stake in Everus during the fourth quarter worth $6,286,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Everus during the fourth quarter valued at $1,147,000.

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.