Everus (NYSE:ECG) Reaches New 12-Month Low - Here's Why

Everus (NYSE:ECG - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.04 and last traded at $37.05, with a volume of 274907 shares trading hands. The stock had previously closed at $38.73.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ECG. Oppenheimer increased their price objective 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. Wolfe Research began coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Finally, Stifel Nicolaus decreased their price objective on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, February 13th.

Everus Price Performance

The firm's 50 day moving average price is $57.16. 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 (NYSE:ECG - Get Free Report) 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). On average, sell-side analysts expect that Everus will post 2.49 earnings per share for the current fiscal year.

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Insider Buying and Selling at Everus

In related news, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rocca Michael Della acquired 1,050 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $47.56 per share, with a total value of $49,938.00. Following the transaction, the director now directly owns 2,027 shares of the company's stock, valued at $96,404.12. This represents a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 3,750 shares of company stock valued at $153,853.

Institutional Investors Weigh In On Everus

Several institutional investors have recently bought and sold shares of ECG. Principal Financial Group Inc. bought a new position in Everus in the fourth quarter valued at $16,241,000. Yousif Capital Management LLC bought a new position in shares of Everus in the 4th quarter valued at about $1,326,000. Principal Securities Inc. acquired a new stake in shares of Everus in the fourth quarter valued at about $27,000. Cascade Investment Advisors Inc. bought a new stake in Everus during the fourth quarter worth about $1,272,000. Finally, Register Financial Advisors LLC acquired a new position in Everus during the fourth quarter valued at approximately $3,167,000.

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.