EMCOR Group, Inc. (NYSE:EME) Receives Average Rating of “Hold” from Brokerages

EMCOR Group, Inc. (NYSE:EME) has been given a consensus rating of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $518.75.

A number of research firms recently issued reports on EME. Northcoast Research began coverage on EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday. They issued a “sell” rating and a $445.00 price target for the company.

Institutional Trading of EMCOR Group

A number of large investors have recently bought and sold shares of EME. Cumberland Partners Ltd grew its holdings in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares during the last quarter. Cetera Advisors LLC lifted its stake in EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after buying an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after buying an additional 34,553 shares during the period. Gulf International Bank UK Ltd acquired a new position in EMCOR Group in the second quarter valued at about $1,405,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in EMCOR Group in the third quarter valued at about $8,352,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 3.2 %

EME stock traded down $16.95 during midday trading on Friday, hitting $510.00. 92,491 shares of the company’s stock were exchanged, compared to its average volume of 433,042. The business has a 50-day simple moving average of $454.82 and a two-hundred day simple moving average of $401.69. The stock has a market capitalization of $23.46 billion, a PE ratio of 25.90 and a beta of 1.07. EMCOR Group has a 1-year low of $209.31 and a 1-year high of $532.38.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.61 EPS. As a group, research analysts expect that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.