Everus (NYSE:ECG) Sets New 12-Month Low - Here's What Happened

Everus (NYSE:ECG - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $36.82 and last traded at $37.33, with a volume of 136334 shares trading hands. The stock had previously closed at $38.58.

Analyst Upgrades and Downgrades

ECG has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They set a "peer perform" rating on the stock. Finally, Stifel Nicolaus dropped 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 Stock Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58. The stock's 50-day moving average is $51.30.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly 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). On average, equities research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

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Insiders Place Their Bets

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price 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 approximately $96,404.12. This trade represents a 107.47 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Maximillian J. Marcy purchased 1,300 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $38.99 per share, for a total transaction of $50,687.00. Following the acquisition, the chief financial officer now owns 5,508 shares of the company's stock, valued at $214,756.92. This represents a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 3,750 shares of company stock valued at $153,853 in the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. bought a new stake in shares of Everus during the 4th quarter valued at $26,000. Principal Securities Inc. bought a new position in shares of Everus during the fourth quarter valued at $27,000. HighMark Wealth Management LLC purchased a new position in shares of Everus in the 4th quarter worth about $28,000. Crews Bank & Trust bought a new position in Everus in the 4th quarter worth about $29,000. Finally, Mendota Financial Group LLC purchased a new stake in Everus during the 4th quarter valued at about $36,000.

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.