Rocca Michael Della Acquires 1,050 Shares of Everus (NYSE:ECG) Stock

Everus (NYSE:ECG) Director Rocca Michael Della acquired 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the transaction, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Everus Stock Performance

Shares of Everus stock opened at $46.52 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average price of $66.33. Everus has a 1-year low of $40.05 and a 1-year high of $77.93.

Everus (NYSE:ECG) last released its 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). Equities research analysts anticipate that Everus will post 2.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Everus

Several large investors have recently made changes to their positions in ECG. Public Employees Retirement System of Ohio bought a new position in Everus in the 4th quarter worth approximately $1,147,000. Hudson Value Partners LLC acquired a new stake in shares of Everus in the fourth quarter worth $4,926,000. Adalta Capital Management LLC acquired a new stake in shares of Everus in the fourth quarter worth $107,000. Focus Partners Advisor Solutions LLC bought a new position in Everus during the fourth quarter worth $537,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Everus during the 4th quarter valued at $6,939,000.

Wall Street Analysts Forecast Growth

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

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.