Everus (NYSE:ECG) Trading Up 5.5% - Should You Buy?

Shares of Everus (NYSE:ECG - Get Free Report) were up 5.5% on Tuesday . The company traded as high as $40.85 and last traded at $40.74. Approximately 552,005 shares traded hands during trading, a decline of 23% from the average daily volume of 719,164 shares. The stock had previously closed at $38.62.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ECG shares. DA Davidson initiated coverage on shares of Everus in a report on Monday, November 4th. They set a "neutral" rating and a $55.00 price objective on the stock. Oppenheimer upped their price target 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 assumed coverage on shares of Everus in a report on Tuesday, December 3rd. They issued a "peer perform" rating for the company. Finally, Stifel Nicolaus dropped their price objective on shares of Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, February 13th.

Everus Trading Down 0.3 %

The firm has a fifty day moving average price of $63.72. 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Analysts expect that Everus will post 2.49 EPS for the current fiscal year.

Remove Ads

Insider Buying and Selling at Everus

In related news, Director Rocca Michael Della purchased 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the completion of the transaction, the director now owns 2,027 shares in the company, valued at $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edward A. Ryan acquired 1,400 shares of the stock in a transaction on 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 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 position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 3,750 shares of company stock valued at $153,853.

Institutional Trading of Everus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new stake in shares of Everus during the 4th quarter worth about $26,000. Principal Securities Inc. acquired a new position in Everus in the 4th quarter worth about $27,000. HighMark Wealth Management LLC acquired a new position in Everus in the 4th quarter worth about $28,000. Crews Bank & Trust purchased a new position in Everus during the fourth quarter worth approximately $29,000. Finally, Mendota Financial Group LLC acquired a new stake in Everus in the fourth quarter valued at approximately $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.