Everus (NYSE:ECG) Stock Price Down 6.3% - Should You Sell?

Shares of Everus (NYSE:ECG - Get Free Report) traded down 6.3% during trading on Tuesday . The stock traded as low as $38.90 and last traded at $38.76. 140,194 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 745,812 shares. The stock had previously closed at $41.35.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ECG shares. Oppenheimer raised their price target on shares of 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 report on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Finally, Stifel Nicolaus reduced 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 Stock Up 3.3 %

The business's 50 day moving average is $51.30. 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 data 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). Equities research analysts expect that Everus will post 2.49 EPS for the current fiscal year.

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Insider Activity

In other news, Director Rocca Michael Della purchased 1,050 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the acquisition, the director now owns 2,027 shares in the company, valued at $96,404.12. This trade represents a 107.47 % 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 this link. Also, Director Edward A. Ryan bought 1,400 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the transaction, the director now owns 14,928 shares in the company, 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. Insiders have purchased 3,750 shares of company stock worth $153,853 over the last 90 days.

Institutional Investors Weigh In On Everus

A number of hedge funds have recently made changes to their positions in ECG. Vanguard Group Inc. bought a new stake in Everus in the fourth quarter worth about $365,965,000. Dimensional Fund Advisors LP bought a new position in Everus during the fourth quarter valued at $120,578,000. Invesco Ltd. purchased a new stake in Everus in the fourth quarter worth $65,337,000. Alliancebernstein L.P. bought a new stake in shares of Everus in the fourth quarter valued at $53,131,000. Finally, American Century Companies Inc. purchased a new position in shares of Everus during the 4th quarter valued at $49,650,000.

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.