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

EMCOR Group, Inc. (NYSE:EME - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $518.00.

Several research analysts have commented on EME shares. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, UBS Group initiated coverage on shares of EMCOR Group in a report on Friday, June 13th. They set a "buy" rating and a $570.00 price target for the company.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the transaction, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EMCOR Group

A number of institutional investors have recently modified their holdings of EME. BankPlus Trust Department raised its position in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in EMCOR Group during the first quarter worth $28,000. Hazlett Burt & Watson Inc. bought a new position in EMCOR Group during the first quarter worth $30,000. Groupe la Francaise increased its position in EMCOR Group by 79.2% during the first 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. Finally, Pandora Wealth Inc. bought a new position in EMCOR Group during the first quarter worth $37,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Up 0.6%

EMCOR Group stock opened at $550.42 on Tuesday. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $553.97. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $476.84 and its two-hundred day moving average price is $441.92. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 24.32 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm posted $4.17 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts expect that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.42%.

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.

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