EMCOR Group (NYSE:EME) Sets New 1-Year High After Dividend Announcement

Key Points

• EMCOR Group's shares reached a new **52-week high** of $672.10 following the announcement of a **$0.25 dividend** to be paid to shareholders on October 30th.
• The company reported **$6.72 earnings per share** in its latest quarter, surpassing analyst expectations, with revenues showing a **17.4% year-over-year increase**.
• Analysts currently have a consensus rating of **"Moderate Buy"** for EMCOR Group, with an average target price of **$594.50** and two analysts issuing a **"Strong Buy"** rating.

Shares of EMCOR Group, Inc. (NYSE:EME - Get Free Report) reached a new 52-week high during trading on Monday after the company announced a dividend. The company traded as high as $672.10 and last traded at $668.93, with a volume of 77385 shares traded. The stock had previously closed at $654.41.The newly announced dividend which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given 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 yield of 0.1%. EMCOR Group's dividend payout ratio is presently 4.15%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Securities assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. Stifel Nicolaus increased their price objective on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a research report on Thursday, August 7th. Finally, DA Davidson increased their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

The stock has a fifty day moving average of $627.32 and a 200-day moving average of $518.46. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $30.05 billion, a P/E ratio of 27.85 and a beta of 1.24.

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

Institutional Trading of EMCOR Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in EME. McLean Asset Management Corp increased its stake in shares of EMCOR Group by 2.8% in the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company's stock valued at $379,000 after acquiring an additional 19 shares during the last quarter. Park Place Capital Corp increased its stake in shares of EMCOR Group by 6.9% in the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock valued at $164,000 after acquiring an additional 20 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of EMCOR Group by 2.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company's stock valued at $584,000 after acquiring an additional 22 shares during the last quarter. NBC Securities Inc. increased its stake in shares of EMCOR Group by 0.7% in the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company's stock valued at $1,695,000 after acquiring an additional 23 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in shares of EMCOR Group by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company's stock valued at $562,000 after acquiring an additional 23 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.