EMCOR Group (NYSE:EME) Rating Lowered to Hold at Zacks Research

Key Points

• Zacks Research downgraded EMCOR Group from “strong-buy” to “hold,” though other analysts remain broadly positive with a consensus rating of “Moderate Buy” and an average target price of $799.29.
• The stock was down 0.5% and opened at $856.94, near its 12-month high of $951.96. EMCOR also trades well above both its 50-day and 200-day moving averages.
• EMCOR delivered strong quarterly results, posting EPS of $6.84 versus the $5.90 estimate and revenue of $4.63 billion versus $4.20 billion expected. The company also raised full-year guidance, signaling continued earnings strength.

EMCOR Group (NYSE:EME - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently commented on EME. DA Davidson raised their target price on EMCOR Group from $800.00 to $900.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Weiss Ratings reissued a "buy (b)" rating on shares of EMCOR Group in a report on Monday, April 20th. Cantor Fitzgerald assumed coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They issued an "overweight" rating and a $848.00 target price for the company. Wall Street Zen raised shares of EMCOR Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Robert W. Baird upped their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $799.29.

EMCOR Group Stock Down 0.5%

Shares of NYSE:EME opened at $856.94 on Tuesday. The firm has a market cap of $38.08 billion, a P/E ratio of 28.75 and a beta of 1.17. EMCOR Group has a 12-month low of $455.14 and a 12-month high of $951.96. The business has a fifty day simple moving average of $825.21 and a 200 day simple moving average of $730.95.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.90 by $0.94. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities research analysts expect that EMCOR Group will post 28.67 EPS for the current year.

Insider Activity

In other EMCOR Group news, CFO Jason R. Nalbandian sold 800 shares of the business's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the sale, the chief financial officer directly owned 18,157 shares of the company's stock, valued at $15,550,199.51. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony Guzzi sold 36,000 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the completion of the sale, the chief executive officer owned 170,299 shares of the company's stock, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,077 shares of company stock worth $34,416,471 in the last 90 days. Company insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On EMCOR Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Great Lakes Advisors LLC increased its stake in EMCOR Group by 32.3% during the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock valued at $218,000 after purchasing an additional 144 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock worth $81,000 after acquiring an additional 106 shares during the period. Sivia Capital Partners LLC acquired a new stake in EMCOR Group during the second quarter valued at $459,000. Baird Financial Group Inc. grew its position in EMCOR Group by 5.0% during the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock valued at $3,113,000 after buying an additional 275 shares during the period. Finally, Bank of Nova Scotia grew its position in EMCOR Group by 406.1% during the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company's stock valued at $2,442,000 after buying an additional 3,663 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR's service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.

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