Insider Buying: Everus (NYSE:ECG) Director Acquires 1,050 Shares of Stock

Everus (NYSE:ECG - Get Free Report) Director Rocca Michael Della acquired 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, with a total value of $49,938.00. Following the purchase, the director now owns 2,027 shares in the company, valued at $96,404.12. The trade was a 107.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Everus Stock Down 6.3 %

Shares of NYSE ECG traded down $2.94 during mid-day trading on Friday, hitting $43.60. The company had a trading volume of 747,644 shares, compared to its average volume of 699,460. Everus has a 12 month low of $40.05 and a 12 month high of $77.93. The firm's 50-day moving average price is $66.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.58.

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). On average, research analysts forecast that Everus will post 2.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECG. SRS Capital Advisors Inc. acquired a new position in shares of Everus in the 4th quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in Everus in the fourth quarter valued at $27,000. HighMark Wealth Management LLC acquired a new position in Everus during the fourth quarter worth $28,000. Crews Bank & Trust bought a new position in shares of Everus during the fourth quarter valued at $29,000. Finally, Quarry LP acquired a new stake in shares of Everus in the 4th quarter valued at $36,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. DA Davidson began coverage on Everus in a research report on Monday, November 4th. They issued a "neutral" rating and a $55.00 price target on the stock. Stifel Nicolaus lowered their target price on Everus from $85.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Oppenheimer upped their price target on Everus from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Finally, Wolfe Research began coverage on Everus in a research report on Tuesday, December 3rd. They issued a "peer perform" rating for the company.

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.