Insider Buying: Everus (NYSE:ECG) Director Buys 1,400 Shares of Stock

Everus (NYSE:ECG) Director Edward A. Ryan purchased 1,400 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the purchase, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. This trade 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 the SEC website.

Everus Stock Performance

Shares of ECG opened at $41.88 on Friday. The company’s 50 day moving average price is $63.72. Everus has a one year low of $37.84 and a one year high of $77.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50.

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

Analysts Set New Price Targets

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

Institutional Trading of Everus

A number of hedge funds and other institutional investors have recently modified their holdings of ECG. Vanguard Group Inc. bought a new stake in shares of Everus during the fourth quarter worth $365,965,000. Dimensional Fund Advisors LP bought a new stake in shares of Everus during the fourth quarter worth $120,578,000. Invesco Ltd. bought a new stake in shares of Everus during the fourth quarter worth $65,337,000. Alliancebernstein L.P. bought a new stake in shares of Everus during the fourth quarter worth $53,131,000. Finally, American Century Companies Inc. bought a new stake in shares of Everus during the fourth quarter worth $49,650,000.

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.