EMCOR Group, Inc. (NYSE:EME) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• EMCOR Group, Inc. has received an average rating of "Moderate Buy" from analysts, with one sell, one hold, eight buy, and one strong buy recommendation.
• The company recently reported earnings of $6.72 EPS for the quarter, surpassing analyst expectations and showing a 17.4% year-over-year revenue increase.
• CEO Anthony Guzzi sold 7,000 shares of the firm's stock for over $3 million, resulting in a 3.24% decrease in his ownership of EMCOR Group.

EMCOR Group, Inc. (NYSE:EME - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $605.33.

EME has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a report on Friday, July 25th. DA Davidson raised their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. William Blair started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating on the stock. Finally, Stifel Nicolaus raised their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th.

Insider Activity

In other news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BankPlus Trust Department lifted its holdings in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in EMCOR Group in the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the 1st quarter worth $30,000. Continuum Advisory LLC raised its holdings in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the period. Finally, Groupe la Francaise raised its holdings in shares of EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 0.3%

NYSE:EME traded down $2.03 during mid-day trading on Friday, reaching $625.46. The company's stock had a trading volume of 508,793 shares, compared to its average volume of 399,677. EMCOR Group has a 1 year low of $319.49 and a 1 year high of $667.64. The stock has a fifty day moving average of $527.75 and a 200-day moving average of $456.93. The firm has a market capitalization of $28.00 billion, a PE ratio of 25.95 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the firm earned $5.25 earnings per share. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. Equities research analysts forecast that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

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.