Everus (NYSE:ECG) CFO Maximillian J. Marcy Buys 1,300 Shares of Stock

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

Everus Price Performance

NYSE ECG opened at $45.18 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.50. Everus has a 1-year low of $37.84 and a 1-year high of $77.93. The firm has a 50-day moving average of $64.18.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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