Everus (NYSE:ECG) Price Target Raised to $68.00

Everus (NYSE:ECG) had its price objective hoisted by DA Davidson from $58.00 to $68.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, Stifel Nicolaus cut their price target on Everus from $67.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th.

Everus Stock Down 3.0%

Shares of Everus stock opened at $59.39 on Thursday. 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 business has a 50-day moving average price of $41.05 and a two-hundred day moving average price of $54.31. Everus has a 1-year low of $31.38 and a 1-year high of $77.93.

Everus (NYSE:ECG) last issued its earnings results on Tuesday, May 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.43 by $0.29. The firm had revenue of $826.63 million during the quarter, compared to analyst estimates of $676.35 million. As a group, sell-side analysts expect that Everus will post 2.49 earnings per share for the current year.

Insider Activity at Everus

In other Everus news, Director Rocca Michael Della acquired 1,050 shares of Everus stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $47.56 per share, for a total transaction of $49,938.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward A. Ryan acquired 1,400 shares of Everus stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $38.02 per share, with a total value of $53,228.00. Following the completion of the purchase, the director now directly owns 14,928 shares in the company, valued at $567,562.56. This represents a 10.35% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,750 shares of company stock worth $153,853. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ECG. Tompkins Financial Corp purchased a new position in shares of Everus during the 1st quarter valued at $25,000. SRS Capital Advisors Inc. purchased a new position in shares of Everus during the 4th quarter valued at $26,000. Principal Securities Inc. purchased a new position in shares of Everus during the 4th quarter valued at $27,000. GAMMA Investing LLC grew its position in shares of Everus by 295.6% during the 1st quarter. GAMMA Investing LLC now owns 720 shares of the company’s stock valued at $27,000 after purchasing an additional 538 shares in the last quarter. Finally, HighMark Wealth Management LLC purchased a new position in shares of Everus during the 4th quarter valued at $28,000.

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.