EMCOR Group, Inc. (NYSE:EME - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as $570.00 and last traded at $564.74, with a volume of 113697 shares changing hands. The stock had previously closed at $559.25.
Analyst Ratings Changes
Several research firms recently issued reports on EME. Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. TD Securities assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. The Goldman Sachs Group raised their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $532.00.
Read Our Latest Stock Analysis on EMCOR Group
EMCOR Group Stock Up 1.1%
The company has a fifty day simple moving average of $499.62 and a 200-day simple moving average of $447.79. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a market cap of $25.31 billion, a P/E ratio of 24.99 and a beta of 1.24.
EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.17 earnings per share. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.
EMCOR Group Dividend Announcement
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 given a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.
Insider Buying and Selling
In other news, CEO Anthony Guzzi sold 7,000 shares of the company'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 transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the 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 completion of the transaction, the director directly owned 7,094 shares in the company, 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. Corporate insiders own 1.26% of the company's stock.
Institutional Trading of EMCOR Group
A number of hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of EMCOR Group during the 4th quarter valued at $299,855,000. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after purchasing an additional 521,147 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock valued at $138,266,000 after purchasing an additional 373,316 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in shares of EMCOR Group during the 1st quarter valued at $114,220,000. Finally, Invesco Ltd. lifted its holdings in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock valued at $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.
About EMCOR Group
(
Get Free Report)
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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