EMCOR Group, Inc. (NYSE:EME) Receives $692.83 Average Price Target from Analysts

Shares of EMCOR Group, Inc. (NYSE:EME) have earned an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $698.8333.

Several research analysts recently issued reports on EME shares. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a report on Friday, October 31st. DA Davidson raised their target price on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus boosted their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research report on Monday, January 26th.

EMCOR Group Trading Down 1.2%

NYSE EME opened at $721.29 on Friday. The stock has a market cap of $32.29 billion, a P/E ratio of 29.00 and a beta of 1.17. The company has a fifty day simple moving average of $645.50 and a two-hundred day simple moving average of $640.06. EMCOR Group has a 12-month low of $320.89 and a 12-month high of $778.64.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the firm posted $5.80 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, January 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is presently 6.43%.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director directly owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EME. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $26,000. Main Street Group LTD grew its stake in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares in the last quarter. Quent Capital LLC acquired a new position in EMCOR Group during the 3rd quarter worth $29,000. Orion Capital Management LLC acquired a new position in shares of EMCOR Group during the third quarter worth about $31,000. Finally, Activest Wealth Management grew its holdings in EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.