Insider Buying: Everus (NYSE:ECG) CFO Acquires 1,300 Shares of Stock

Everus (NYSE:ECG) CFO Maximillian J. Marcy purchased 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of $38.99 per share, with a total value of $50,687.00. Following the completion of the purchase, the chief financial officer now directly owns 5,508 shares of the company’s stock, valued at approximately $214,756.92. This represents a 30.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Everus Price Performance

Shares of NYSE ECG opened at $41.88 on Friday. 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 stock has a 50-day simple moving average of $63.72. Everus has a 52-week low of $37.84 and a 52-week high of $77.93.

Everus (NYSE:ECG) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). On average, analysts predict that Everus will post 2.49 EPS for the current year.

Institutional Investors Weigh In On Everus

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

Analysts Set New Price Targets

A number of equities analysts recently commented on ECG shares. Wolfe Research began coverage on Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating for the company. DA Davidson began coverage on shares of Everus in a report on Monday, November 4th. They issued a “neutral” rating and a $55.00 target price on the stock. Stifel Nicolaus cut their target price on shares of Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Oppenheimer raised their target price on shares of Everus from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th.

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.