EMCOR Group (NYSE:EME) Hits New 1-Year High on Analyst Upgrade

EMCOR Group, Inc. (NYSE:EME - Get Free Report) hit a new 52-week high on Friday after Stifel Nicolaus raised their price target on the stock from $503.00 to $597.00. Stifel Nicolaus currently has a buy rating on the stock. EMCOR Group traded as high as $554.00 and last traded at $555.84, with a volume of 38156 shares. The stock had previously closed at $547.59.

A number of other equities analysts also recently weighed in on the stock. TD Securities initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Robert W. Baird began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. UBS Group began coverage on shares of EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 price target for the company. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $532.00.

Insider Buying and Selling

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 shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the transaction, the chief executive officer owned 208,989 shares in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the business's 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 transaction, the director owned 7,094 shares of the company's stock, 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 insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BankPlus Trust Department lifted 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 worth $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the first quarter valued at about $30,000. Groupe la Francaise grew its stake 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 buying an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in EMCOR Group during the first quarter worth about $37,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

The stock has a market cap of $24.82 billion, a P/E ratio of 24.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The business's fifty day moving average price is $487.57 and its 200 day moving average price 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 (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.17 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 of this dividend is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

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.