Stifel Nicolaus Increases EMCOR Group (NYSE:EME) Price Target to $597.00

EMCOR Group (NYSE:EME - Free Report) had its price objective hoisted by Stifel Nicolaus from $503.00 to $597.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the construction company's stock.

Several other equities analysts also recently weighed in on the company. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. The Goldman Sachs Group lifted their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday. TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. William Blair initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Finally, Jefferies Financial Group initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $532.00.

EMCOR Group Trading Up 1.3%

Shares of NYSE EME traded up $6.92 during mid-day trading on Friday, reaching $554.51. 215,576 shares of the company's stock were exchanged, compared to its average volume of 450,827. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 24.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. EMCOR Group has a 52-week low of $319.49 and a 52-week high of $556.53. The company's 50-day moving average is $487.57 and its 200-day moving average is $444.55.

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

EMCOR Group Dividend Announcement

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

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the business's 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 completion of the sale, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EME. BankPlus Trust Department increased its holdings 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. acquired a new position in shares of EMCOR Group in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the first quarter valued at approximately $30,000. Continuum Advisory LLC increased its holdings in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares during the period. Finally, Groupe la Francaise increased its holdings in shares of EMCOR Group by 79.2% in the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

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.