Everus (NYSE:ECG) Stock Price Down 3.9% - What's Next?

Shares of Everus (NYSE:ECG - Get Free Report) dropped 3.9% on Monday . The company traded as low as $36.91 and last traded at $36.98. Approximately 295,471 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 762,914 shares. The stock had previously closed at $38.50.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer raised their price target on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their target price on Everus from $67.00 to $55.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th.

Everus Stock Up 1.6 %

The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The company's fifty day moving average is $40.05.

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

Insider Transactions at Everus

In other news, Director Edward A. Ryan bought 1,400 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rocca Michael Della purchased 1,050 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $47.56 per share, with a total value of $49,938.00. Following the purchase, the director now owns 2,027 shares of the company's stock, valued at approximately $96,404.12. The trade was a 107.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,750 shares of company stock valued at $153,853 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Everus

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new stake in Everus in the fourth quarter valued at approximately $16,241,000. Yousif Capital Management LLC bought a new stake in Everus in the 4th quarter valued at $1,326,000. Principal Securities Inc. acquired a new stake in Everus during the 4th quarter valued at $27,000. Cascade Investment Advisors Inc. bought a new position in Everus during the fourth quarter worth $1,272,000. Finally, Register Financial Advisors LLC bought a new position in shares of Everus in the fourth quarter valued at about $3,167,000.

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.