EMCOR Group (NYSE:EME) Upgraded at StockNews.com

StockNews.com upgraded shares of EMCOR Group (NYSE:EME) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

Several other analysts have also issued reports on EME. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

EME opened at $466.43 on Tuesday. The firm has a market cap of $21.46 billion, a P/E ratio of 23.69 and a beta of 1.11. EMCOR Group has a 52-week low of $237.64 and a 52-week high of $545.29. The business’s fifty day moving average is $479.39 and its 200-day moving average is $440.98.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Hedge Funds Weigh In On EMCOR Group

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of EMCOR Group during the fourth quarter worth about $42,380,000. Arizona State Retirement System raised its position in shares of EMCOR Group by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,553 shares of the construction company’s stock worth $6,152,000 after acquiring an additional 88 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in shares of EMCOR Group during the fourth quarter worth about $200,000. Proficio Capital Partners LLC bought a new position in shares of EMCOR Group during the fourth quarter worth about $23,941,000. Finally, Assetmark Inc. raised its position in shares of EMCOR Group by 5.2% during the fourth quarter. Assetmark Inc. now owns 8,123 shares of the construction company’s stock worth $3,687,000 after acquiring an additional 405 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

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.