Cantor Fitzgerald Cuts EMCOR Group (NYSE:EME) Price Target to $1,047.00

EMCOR Group (NYSE:EME) had its price target reduced by Cantor Fitzgerald from $1,123.00 to $1,047.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the construction company’s stock.

A number of other analysts have also recently commented on the company. UBS Group lifted their price target on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Oppenheimer raised their price objective on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $965.86.

EMCOR Group Trading Up 2.2%

Shares of EMCOR Group stock opened at $835.01 on Monday. The firm’s 50 day simple moving average is $797.32 and its two-hundred day simple moving average is $796.01. The firm has a market capitalization of $36.83 billion, a price-to-earnings ratio of 25.97 and a beta of 1.14. EMCOR Group has a 12-month low of $564.92 and a 12-month high of $951.96.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping the consensus estimate of $7.23 by $1.83. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts predict that EMCOR Group will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s payout ratio is currently 4.98%.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On EMCOR Group

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in EMCOR Group in the 2nd quarter worth about $3,416,412,000. State Street Corp grew its holdings in EMCOR Group by 2.2% in the fourth quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock valued at $1,158,603,000 after purchasing an additional 40,801 shares during the period. Geode Capital Management LLC increased its position in shares of EMCOR Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock valued at $869,343,000 after buying an additional 7,790 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of EMCOR Group by 34.5% in 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 buying an additional 327,606 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of EMCOR Group by 10.5% during the 4th quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock worth $488,986,000 after buying an additional 75,692 shares during the period. 92.59% of the stock is owned by hedge funds and other 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.