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

Shares of EMCOR Group, Inc. (NYSE:EME) have been assigned an average recommendation of “Moderate Buy” from the four analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $494.50.

A number of research firms have commented on EME. Stifel Nicolaus decreased their target price on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, UBS Group assumed coverage on shares of EMCOR Group in a report on Friday. They issued a “buy” rating and a $570.00 target price for the company.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now directly owns 7,094 shares of the company’s stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors have recently bought and sold shares of EME. Cim LLC lifted its holdings in shares of EMCOR Group by 681.8% in the 1st quarter. Cim LLC now owns 23,541 shares of the construction company’s stock valued at $8,701,000 after acquiring an additional 20,530 shares during the last quarter. Strs Ohio bought a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $7,338,000. Geneos Wealth Management Inc. boosted its holdings in shares of EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of EMCOR Group in the 1st quarter worth approximately $277,000. Finally, Focus Partners Wealth increased its position in shares of EMCOR Group by 36.5% during the 1st quarter. Focus Partners Wealth now owns 9,318 shares of the construction company’s stock valued at $3,444,000 after purchasing an additional 2,491 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.7%

Shares of NYSE:EME opened at $475.33 on Friday. The stock has a market capitalization of $21.27 billion, a PE ratio of 24.14 and a beta of 1.23. The firm’s 50 day moving average price is $430.61 and its 200-day moving average price is $440.55. EMCOR Group has a twelve month low of $319.49 and a twelve month high of $545.30.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm earned $4.17 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio is 4.42%.

EMCOR Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.