Everus (NYSE:ECG) Reaches New 1-Year Low – Here’s What Happened

Shares of Everus (NYSE:ECG) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $39.68 and last traded at $39.83, with a volume of 240735 shares trading hands. The stock had previously closed at $43.56.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ECG. Wolfe Research started coverage on Everus in a research report on Tuesday, December 3rd. They set a “peer perform” rating on the stock. DA Davidson assumed coverage on shares of Everus in a research note on Monday, November 4th. They set a “neutral” rating and a $55.00 price target for the company. Stifel Nicolaus decreased their price objective on shares of Everus from $85.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Oppenheimer increased 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.

Everus Price Performance

The business has a 50 day moving average price of $65.84. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last released 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). On average, sell-side analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

Insider Activity at Everus

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $47.56 per share, with a total value of $49,938.00. Following the completion of the purchase, the director now directly owns 2,027 shares of the company’s stock, valued at approximately $96,404.12. This represents a 107.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in Everus during the fourth quarter valued at about $365,965,000. Dimensional Fund Advisors LP bought a new position in shares of Everus during the 4th quarter worth approximately $120,578,000. Invesco Ltd. purchased a new stake in Everus during the fourth quarter valued at approximately $65,337,000. Alliancebernstein L.P. acquired a new stake in Everus in the fourth quarter valued at approximately $53,131,000. Finally, American Century Companies Inc. acquired a new position in shares of Everus during the fourth quarter worth $49,650,000.

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.