Maximillian J. Marcy Purchases 1,300 Shares of Everus (NYSE:ECG) Stock

Everus (NYSE:ECG - Get Free Report) CFO Maximillian J. Marcy acquired 1,300 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $38.99 per share, with a total value of $50,687.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,508 shares in the company, valued at approximately $214,756.92. This represents a 30.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Everus Trading Down 0.3 %

ECG stock traded down $0.13 during midday trading on Friday, reaching $41.77. 788,814 shares of the stock were exchanged, compared to its average volume of 782,288. Everus has a 52 week low of $37.84 and a 52 week high of $77.93. The firm has a fifty day moving average of $63.22. 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 - Get Free Report) last released its quarterly earnings results 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, sell-side analysts predict that Everus will post 2.49 EPS for the current fiscal year.

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Hedge Funds Weigh In On Everus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in shares of Everus during the fourth quarter worth $365,965,000. Dimensional Fund Advisors LP acquired a new position in Everus during the 4th quarter worth about $120,578,000. Invesco Ltd. bought a new stake in shares of Everus in the 4th quarter valued at about $65,337,000. Alliancebernstein L.P. bought a new stake in shares of Everus in the 4th quarter valued at about $53,131,000. Finally, American Century Companies Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $49,650,000.

Wall Street Analyst Weigh In

ECG has been the topic of several recent analyst reports. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They issued a "peer perform" rating on the stock. DA Davidson assumed coverage on Everus in a research note on Monday, November 4th. They set a "neutral" rating and a $55.00 target price for the company. Oppenheimer raised their price target on shares of 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 lowered 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 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.