Everus CFO Purchases $50,687 Worth of Stock

Everus (NYSE:ECG - Get Free Report) CFO Maximillian J. Marcy has made a significant investment in the company by purchasing 1,300 shares of its stock on February 25th. The shares were acquired at an average price of $38.99 each, amounting to a total expenditure of $50,687. This acquisition increases Marcy’s stake in Everus to 5,508 shares, valued at approximately $214,756.92. Notably, this represents a 30.89% increase in his ownership of the company's stock. The details of the purchase have been officially reported in a filing with the Securities and Exchange Commission, which can be accessed via the SEC website.

Everus Stock Performance

On Wednesday, Everus shares saw a notable rise of 6.8%, climbing by $2.88 to reach $45.18. The trading volume was substantial, with 1,253,059 shares changing hands compared to an average of 756,607 shares. Over the past year, Everus has experienced a low of $37.84 and a high of $77.93. The company's financial health indicators include a current ratio of 1.58, a quick ratio of 1.50, and a debt-to-equity ratio of 0.47. Additionally, the fifty-day moving average of its stock price sits at $64.18.

Quarterly Earnings Report

Everus (NYSE:ECG - Get Free Report) released its quarterly earnings results on February 11th, revealing an earnings per share (EPS) of $0.67. This figure fell short of the consensus estimate of $0.73 by $0.06. Looking ahead, analysts anticipate that Everus will achieve an EPS of 2.49 for the current fiscal year.

Investor Activity

Recent investor activity in Everus stock has seen several institutional investors becoming involved. SRS Capital Advisors Inc. acquired a new stake in Everus during the fourth quarter, investing $26,000. Principal Securities Inc. also made a new investment of $27,000 during the same period. Other notable contributions include a $28,000 stake by HighMark Wealth Management LLC, a $29,000 investment by Crews Bank & Trust, and $36,000 from Mendota Financial Group LLC.

Analysts' Views on Everus

Various analysts have recently provided insights on Everus. DA Davidson initiated coverage on Everus shares, giving them a “neutral” rating and a price target of $55.00. Meanwhile, Stifel Nicolaus adjusted their price target downward from $85.00 to $67.00, maintaining a “buy” rating. Wolfe Research also began coverage, designating a “peer perform” rating for the stock. Oppenheimer, on the other hand, has raised its price target for Everus from $70.00 to $80.00, indicating an “outperform” rating.

About Everus Construction Group

(Get Free Report) Everus Construction Group offers a comprehensive range of construction services, focusing on electrical, mechanical, and transmission and distribution specialty contracting. The company primarily serves clients in the United States, including those in utility, transportation, commercial, industrial, institutional, renewable energy, and other sectors.

Consider Your Investment Strategy

As you assess potential investments, note that while Everus holds a Moderate Buy rating among analysts, many top-rated experts have identified five other stocks they believe are better opportunities.

CFO, Stock, Investment