Everus (NYSE:ECG) Shares Up 2.5% - What's Next?

Everus (NYSE:ECG - Get Free Report) shares traded up 2.5% during trading on Friday . The stock traded as high as $35.63 and last traded at $35.85. 527,428 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 735,076 shares. The stock had previously closed at $34.97.

Wall Street Analyst Weigh In

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

Everus Stock Up 1.1 %

The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average price is $49.94.

Everus (NYSE:ECG - Get Free Report) last posted its quarterly earnings results 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). Research analysts expect that Everus will post 2.49 EPS for the current year.

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Insider Buying and Selling at Everus

In other Everus news, Director Rocca Michael Della purchased 1,050 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, the director now owns 2,027 shares in the company, valued at approximately $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 firm's 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 completion of the acquisition, the director now owns 14,928 shares of the company's stock, valued at approximately $567,562.56. The trade was a 10.35 % 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 over the last quarter.

Institutional Trading of Everus

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

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.