Everus (NYSE:ECG) Director Rocca Michael Della Purchases 1,050 Shares

Everus (NYSE:ECG) Director Rocca Michael Della acquired 1,050 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the acquisition, the director now directly owns 2,027 shares in the company, valued at $96,404.12. This represents a 107.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Everus Trading Down 0.1 %

Shares of NYSE:ECG opened at $46.52 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 company has a fifty day moving average of $66.33. Everus has a fifty-two week low of $40.05 and a fifty-two week high of $77.93.

Everus (NYSE:ECG) last posted its earnings results on Tuesday, February 11th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). Sell-side analysts predict that Everus will post 2.49 EPS for the current year.

Institutional Trading of Everus

Several large investors have recently added to or reduced their stakes in the company. 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 position in Everus in the 4th quarter valued at $27,000. HighMark Wealth Management LLC acquired a new position in Everus in the fourth quarter worth $28,000. Crews Bank & Trust bought a new stake in shares of Everus during the fourth quarter worth $29,000. Finally, Quarry LP acquired a new stake in shares of Everus in the fourth quarter valued at $36,000.

Analyst Upgrades and Downgrades

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

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.