EMCOR Group (NYSE:EME) Reaches New 1-Year High - Still a Buy?

Key Points

• EMCOR Group's share price reached a new **52-week high** of $702.70, with the latest trading price at $697.14, reflecting increasing investor interest.
• Wall Street analysts show **optimism** for EMCOR Group, with several upgrades in ratings and a target price increase, leading to an average target of **$654.83**.
• The company reported **strong quarterly earnings**, with a **$6.72 EPS**, surpassing estimates and a **17.4%** year-over-year revenue growth.

EMCOR Group, Inc. (NYSE:EME - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $702.70 and last traded at $697.14, with a volume of 29121 shares changing hands. The stock had previously closed at $689.01.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EME. Robert W. Baird began coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group upgraded shares of EMCOR Group from a "sell" rating to a "neutral" rating and upped their price target for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Stifel Nicolaus boosted their price target on EMCOR Group from $692.00 to $718.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $654.83.

EMCOR Group Price Performance

The company has a market capitalization of $31.44 billion, a PE ratio of 29.15 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company's 50 day moving average price is $638.04 and its 200-day moving average price is $539.15.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Institutional Trading of EMCOR Group

Several large investors have recently modified their holdings of EME. Private Trust Co. NA increased its stake in EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after acquiring an additional 62 shares during the period. Janney Montgomery Scott LLC lifted its stake in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after purchasing an additional 3,407 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after purchasing an additional 6,361 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of EMCOR Group by 34.9% in the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock worth $374,000 after acquiring an additional 262 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in EMCOR Group by 8.7% during the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company's stock worth $37,531,000 after buying an additional 8,166 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

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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