EMCOR Group (NYSE:EME) Stock Rating Upgraded by Zacks Research

EMCOR Group (NYSE:EME) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on EME. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. UBS Group increased their target price on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Trading Down 3.0%

Shares of NYSE:EME opened at $804.81 on Tuesday. The firm has a market capitalization of $35.77 billion, a PE ratio of 27.00 and a beta of 1.13. EMCOR Group has a 1-year low of $529.04 and a 1-year high of $951.96. The business’s 50 day moving average is $857.16 and its 200-day moving average is $768.10.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, sell-side analysts predict that EMCOR Group will post 29.37 EPS for the current year.

Insiders Place Their Bets

In other news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares of the company’s stock, valued at $9,395,741.22. The trade was a 16.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total value of $5,014,854.38. Following the sale, the director owned 15,875 shares in the company, valued at approximately $14,211,141.25. This trade represents a 26.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,027 shares of company stock worth $8,957,466 over the last ninety days. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in EMCOR Group by 132,234.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock worth $409,661,000 after acquiring an additional 669,105 shares during the last quarter. Norges Bank bought a new position in shares of EMCOR Group in the fourth quarter worth about $389,702,000. Bank of Montreal Can lifted its position in shares of EMCOR Group by 425.8% during the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock worth $342,894,000 after purchasing an additional 453,876 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of EMCOR Group by 34.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after purchasing an additional 327,606 shares during the last quarter. Finally, Earnest Partners LLC bought a new stake in shares of EMCOR Group during the fourth quarter valued at approximately $156,714,000. 92.59% of the stock is owned by institutional investors.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.