EMCOR Group, Inc. (NYSE:EME - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $355.51 and last traded at $355.21, with a volume of 245873 shares traded. The stock had previously closed at $350.20.
Analyst Ratings Changes
Several analysts have issued reports on the stock. KeyCorp assumed coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a "sector weight" rating for the company. DA Davidson reissued a "buy" rating and issued a $375.00 price objective on shares of EMCOR Group in a research note on Friday, March 22nd.
Read Our Latest Stock Report on EMCOR Group
EMCOR Group Stock Up 1.3 %
The firm has a market cap of $16.70 billion, a P/E ratio of 26.66 and a beta of 1.10. The company's 50 day simple moving average is $285.87 and its 200-day simple moving average is $237.70.
EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.96. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the firm earned $2.63 earnings per share. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that EMCOR Group, Inc. will post 14.5 EPS for the current year.
EMCOR Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Friday, January 12th. EMCOR Group's dividend payout ratio is presently 5.41%.
Insider Activity
In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the sale, the chief executive officer now owns 219,023 shares of the company's stock, valued at $70,010,701.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.
Hedge Funds Weigh In On EMCOR Group
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in EMCOR Group by 0.8% in the first quarter. BlackRock Inc. now owns 6,152,648 shares of the construction company's stock worth $1,000,359,000 after buying an additional 47,507 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in EMCOR Group by 2.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,565,326 shares of the construction company's stock worth $579,687,000 after buying an additional 82,360 shares in the last quarter. FMR LLC grew its holdings in EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company's stock worth $747,239,000 after purchasing an additional 241,920 shares during the last quarter. State Street Corp grew its holdings in EMCOR Group by 3.6% in the first quarter. State Street Corp now owns 1,744,930 shares of the construction company's stock worth $196,531,000 after purchasing an additional 61,165 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in EMCOR Group by 41.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company's stock worth $224,813,000 after purchasing an additional 310,718 shares during the last quarter. 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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