Brokerages Set EMCOR Group, Inc. (NYSE:EME) Target Price at $494.50

Shares of EMCOR Group, Inc. (NYSE:EME - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $509.60.

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. UBS Group began coverage on EMCOR Group in a research report on Friday. They set a "buy" rating and a $570.00 price objective for the company. Finally, Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

EMCOR Group Trading Up 0.5%

EME traded up $2.37 during trading on Friday, reaching $477.30. 400,996 shares of the company were exchanged, compared to its average volume of 450,795. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $545.30. The firm has a 50 day moving average of $435.60 and a 200 day moving average of $440.04. The stock has a market cap of $21.36 billion, a P/E ratio of 24.24 and a beta of 1.23.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $4.17 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

EMCOR Group declared that its board has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, the director now owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On EMCOR Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BankPlus Trust Department raised its holdings in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group in the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group in the first quarter valued at $30,000. Groupe la Francaise lifted its position 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 valued at $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new position in shares of EMCOR Group in the 1st quarter worth $37,000. 92.59% of the stock is currently owned by institutional investors.

About EMCOR Group

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.