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

EMCOR Group, Inc. (NYSE:EME) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $518.75.

A number of equities research analysts recently issued reports on EME shares. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Finally, Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EME. Proffitt & Goodson Inc. bought a new position in EMCOR Group in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in EMCOR Group in the 2nd quarter valued at approximately $29,000. ORG Wealth Partners LLC acquired a new position in EMCOR Group in the 3rd quarter valued at approximately $33,000. Anchor Investment Management LLC raised its stake in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after acquiring an additional 50 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $484.57 on Tuesday. The stock has a fifty day moving average of $478.94 and a 200-day moving average of $415.02. EMCOR Group has a fifty-two week low of $209.31 and a fifty-two week high of $532.38. The company has a market capitalization of $22.29 billion, a P/E ratio of 24.61 and a beta of 1.09.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities research analysts predict that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

EMCOR Group Company Profile

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.