Everus CFO Maximillian J. Marcy Invests in Company Stock

Everus (NYSE:ECG) CFO Maximillian J. Marcy recently acquired 1,300 shares of the company's stock in a transaction that took place on Tuesday, February 25th. The shares were purchased at an average price of $38.99 each, amounting to a total of $50,687. Following this purchase, Marcy's total ownership in Everus now stands at 5,508 shares, which is valued at approximately $214,756.92. This transaction represents a 30.89% increase in Marcy's ownership stake in the company. Details of the purchase were revealed in a filing with the Securities and Exchange Commission (SEC), which is publicly available on the SEC website.

Everus Stock Performance

In mid-day trading on Wednesday, Everus stock rose by $2.88, reaching a price of $45.18. The trading volume for the day was 1,253,059 shares, significantly higher than the average volume of 756,607 shares. Over the past year, Everus has seen a low of $37.84 and a high of $77.93 for its shares. The company reports a current ratio of 1.58, a quick ratio of 1.50, and a debt-to-equity ratio of 0.47, exhibiting a stable financial position. Additionally, the fifty-day moving average price for the stock is $64.18.

Recent Earnings Announcement

Everus announced its latest quarterly earnings results on February 11th, reporting an earnings per share (EPS) of $0.67. This figure fell short of analysts' consensus estimate of $0.73 by $0.06. Going forward, analysts expect that Everus will achieve an EPS of 2.49 for the current fiscal year.

Institutional Investors Activity

In recent months, several institutional investors have made moves concerning Everus stock. For instance, SRS Capital Advisors Inc. acquired a new position in the company worth $26,000 during the fourth quarter. Other investors include Principal Securities Inc., which invested $27,000; HighMark Wealth Management LLC, which purchased $28,000 worth of shares; and Crews Bank & Trust, investing $29,000. Additionally, Mendota Financial Group LLC made a new stake worth $36,000 in the same quarter.

Brokerage Recommendations

Numerous brokerages have recently issued analyses of Everus shares. DA Davidson began coverage of the stock on November 4th, providing a "neutral" rating with a price target of $55.00. Stifel Nicolaus lowered their price target from $85.00 to $67.00, while maintaining a "buy" rating in their analysis dated February 13th. Wolfe Research also initiated coverage on Everus, rating it as "peer perform." Furthermore, Oppenheimer increased their price target from $70.00 to $80.00 and assigned an "outperform" rating on January 7th.

About Everus Construction Group

Everus Construction Group specializes in offering a comprehensive range of construction services including electrical and mechanical contracting, as well as transmission and distribution. The company primarily serves various sectors across the United States such as utilities, transportation, commercial, industrial, institutional, and renewable energy clients.

Everus, CFO, Stocks, Investment