EMCOR Group (NYSE:EME) Stock Bumped Down to Hold by Zacks Research

EMCOR Group (NYSE:EME) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

EME has been the topic of a number of other research reports. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. DA Davidson set a $1,047.00 price target on EMCOR Group in a research report on Monday, August 10th. Cantor Fitzgerald dropped their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. The Goldman Sachs Group reduced their price objective on EMCOR Group from $885.00 to $795.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, UBS Group restated a “buy” rating on shares of EMCOR Group in a research report on Friday, October 9th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $982.86.

EMCOR Group Stock Performance

EMCOR Group stock opened at $700.86 on Monday. EMCOR Group has a 52 week low of $564.92 and a 52 week high of $951.96. The firm has a market capitalization of $30.91 billion, a price-to-earnings ratio of 24.17 and a beta of 1.12. The company has a 50 day moving average price of $765.98 and a 200 day moving average price of $802.03.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion for 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 company’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities analysts forecast that EMCOR Group will post 32.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of EMCOR Group during the 2nd quarter valued at about $3,416,412,000. First Trust Advisors LP increased its holdings in EMCOR Group by 7.3% in the first quarter. First Trust Advisors LP now owns 630,406 shares of the construction company’s stock worth $465,435,000 after buying an additional 42,949 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in EMCOR Group by 9.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 416,734 shares of the construction company’s stock worth $345,839,000 after buying an additional 34,358 shares during the last quarter. Deutsche Bank AG acquired a new position in EMCOR Group in the second quarter worth approximately $342,273,000. Finally, Value Aligned Research Advisors LLC raised its position in EMCOR Group by 56.6% during the second quarter. Value Aligned Research Advisors LLC now owns 349,960 shares of the construction company’s stock valued at $290,425,000 after acquiring an additional 126,439 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.

Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.