Everus (NYSE:ECG) Director Purchases $53,228.00 in Stock

Everus (NYSE:ECG) Director Edward A. Ryan bought 1,400 shares of Everus stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of $38.02 per share, for a total transaction of $53,228.00. Following the purchase, the director now directly owns 14,928 shares in the company, valued at approximately $567,562.56. The trade was a 10.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Everus Price Performance

Everus stock opened at $41.77 on Friday. The business’s 50 day moving average price is $63.72. Everus has a fifty-two week low of $37.84 and a fifty-two week high of $77.93. 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) last announced its earnings results on Tuesday, February 11th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Equities research analysts predict that Everus will post 2.49 EPS for the current fiscal year.

Institutional Trading of Everus

Several hedge funds have recently bought and sold shares of the stock. SRS Capital Advisors Inc. acquired a new stake in Everus during the 4th quarter worth approximately $26,000. Principal Securities Inc. acquired a new stake in Everus during the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC acquired a new stake in Everus during the 4th quarter worth approximately $28,000. Crews Bank & Trust acquired a new stake in Everus during the 4th quarter worth approximately $29,000. Finally, Quarry LP acquired a new stake in shares of Everus in the fourth quarter valued at approximately $36,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ECG. DA Davidson assumed coverage on shares of Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price on the stock. Stifel Nicolaus reduced their price objective on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Oppenheimer lifted their price objective on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wolfe Research assumed coverage on shares of Everus in a research note on Tuesday, December 3rd. They set a “peer perform” rating on the stock.

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.