Everus (NYSE:ECG) Reaches New 12-Month Low - Should You Sell?

Shares of Everus (NYSE:ECG - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $39.68 and last traded at $39.83, with a volume of 240735 shares trading hands. The stock had previously closed at $43.56.

Analyst Ratings Changes

ECG has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on shares of Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. DA Davidson began coverage on Everus in a research note on Monday, November 4th. They issued a "neutral" rating and a $55.00 price target on the stock. Wolfe Research began coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a "peer perform" rating for the company. Finally, Oppenheimer lifted their target price on shares of Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th.

Everus Price Performance

The company has a 50-day moving average price of $64.18. 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 - Get Free Report) last posted its 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). Sell-side analysts expect that Everus will post 2.49 EPS for the current fiscal year.

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Insider Activity

In other Everus news, CFO Maximillian J. Marcy purchased 1,300 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the acquisition, the chief financial officer now directly owns 5,508 shares of the company's stock, valued at $214,756.92. This represents a 30.89 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward A. Ryan purchased 1,400 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, with a total value of $53,228.00. Following the transaction, the director now directly owns 14,928 shares of the company's stock, valued at approximately $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 3,750 shares of company stock valued at $153,853.

Institutional Trading of Everus

Several institutional investors have recently bought and sold shares of the stock. Forza Wealth Management LLC acquired a new position in shares of Everus in the 4th quarter worth approximately $336,000. Mendota Financial Group LLC acquired a new stake in shares of Everus in the fourth quarter valued at $36,000. SeaCrest Wealth Management LLC bought a new position in shares of Everus in the fourth quarter valued at about $292,000. Hennessy Advisors Inc. acquired a new position in Everus during the 4th quarter worth about $31,611,000. Finally, Brady Martz Wealth Solutions LLC bought a new stake in Everus during the 4th quarter worth about $472,000.

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.