Everus (NYSE:ECG) Reaches New 12-Month Low - Time to Sell?

Everus (NYSE:ECG - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $36.96 and last traded at $37.74, with a volume of 376173 shares. The stock had previously closed at $38.98.

Analyst Upgrades and Downgrades

ECG has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price target on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Oppenheimer raised their price objective on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Finally, Wolfe Research initiated coverage on Everus in a research report on Tuesday, December 3rd. They set a "peer perform" rating for the company.

Everus Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. The stock has a 50-day moving average price of $54.38.

Everus (NYSE:ECG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Equities analysts predict that Everus will post 2.49 earnings per share for the current fiscal year.

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Insider Activity

In other news, Director Edward A. Ryan purchased 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the acquisition, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Maximillian J. Marcy purchased 1,300 shares of Everus stock in a transaction dated 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 completion of the acquisition, the chief financial officer now owns 5,508 shares in the company, valued at $214,756.92. The trade was a 30.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 3,750 shares of company stock worth $153,853 in the last three months.

Institutional Inflows and Outflows

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

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.