Everus (NYSE:ECG) Hits New 12-Month Low – Time to Sell?

Everus (NYSE:ECG) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.96 and last traded at $37.74, with a volume of 376173 shares. The stock had previously closed at $38.98.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Everus from $85.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Wolfe Research started coverage on shares of Everus in a research report on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. Finally, Oppenheimer upped their price objective 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 Stock Performance

The company has a 50-day moving average price of $54.89. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

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

Insider Activity at Everus

In other news, Director Edward A. Ryan acquired 1,400 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of $38.02 per share, with a total value of $53,228.00. Following the acquisition, the director now owns 14,928 shares of the company’s stock, valued at $567,562.56. This trade represents a 10.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rocca Michael Della bought 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased 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 $96,404.12. This represents a 107.47 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 3,750 shares of company stock worth $153,853 in the last ninety days.

Institutional Investors Weigh In On Everus

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

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.