Everus (NYSE:ECG) Reaches New 52-Week Low - Should You Sell?

Everus (NYSE:ECG) shares reached a new 52-week low on Tuesday, trading down to $37.18 before settling at $37.94. The trading volume was 568,350 shares, a significant shift from the previous closing price of $39.29.

Changes in Analyst Ratings

Several equities analysts have recently offered their insights regarding Everus stock. Oppenheimer increased their price target for Everus from $70.00 to $80.00 and rated the company as "outperform" on January 7. Conversely, Stifel Nicolaus lowered their price target from $85.00 to $67.00 but maintained a "buy" rating in a report released on February 13. Wolfe Research initiated coverage with a "peer perform" rating. DA Davidson also began coverage, giving a "neutral" rating and a price target of $55.00.

Everus Stock Performance

The stock has experienced a decrease of 3.4% recently. Currently, Everus has a fifty-day simple moving average of $62.63, a current ratio of 1.58, a quick ratio of 1.50, and a debt-to-equity ratio of 0.47. The company's last quarterly earnings were reported on February 11, where it missed analysts' expectations. Everus reported earnings of $0.67 per share, compared to the expected $0.73. Analysts anticipate that Everus will achieve earnings per share of 2.49 for the current fiscal year.

Insider Activity

On February 25, Director Edward A. Ryan purchased 1,400 shares of Everus at an average price of $38.02 per share, totaling $53,228. His total holdings now amount to 14,928 shares, worth approximately $567,562.56, showing a 10.35% increase in his position. Additionally, Director Rocca Michael Della bought 1,050 shares on February 18 for $47.56 each, totaling $49,938, increasing his holdings significantly by 107.47%. In the past ninety days, insiders have acquired a total of 3,750 shares valued at $153,853.

Institutional Investment Changes

Recent changes in institutional investors' stakes include SRS Capital Advisors Inc. acquiring a new position worth around $26,000 in Everus in the fourth quarter. Principal Securities Inc., HighMark Wealth Management LLC, Crews Bank & Trust, and Mendota Financial Group LLC also made new investments in Everus between $27,000 and $36,000.

About Everus

Everus Construction Group is engaged in providing a wide range of construction services through its electrical, mechanical, and transmission and distribution specialty contracting services, primarily in the United States. Its services cater to various sectors including utility, transportation, commercial, industrial, institutional, and renewable energy.

Should You Consider Investing?

Before deciding to invest in Everus, it’s wise to compare it with other stocks recommended by top analysts. Everus holds a Moderate Buy rating among analysts, but there are several stocks that are currently suggested as better investment opportunities.

Everus, Stocks, Analysts