Brokerages Set EMCOR Group, Inc. (NYSE:EME) PT at $594.50

Shares of EMCOR Group, Inc. (NYSE:EME) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $594.50.

EME has been the topic of several recent analyst reports. Hovde Group upgraded EMCOR Group to a “hold” rating in a report on Friday, June 27th. DA Davidson lifted their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a report on Friday, August 1st. Baird R W raised EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Northcoast Research downgraded shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BankPlus Trust Department raised its position in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group in the first quarter valued at approximately $30,000. Tobam lifted its position in shares of EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after purchasing an additional 76 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of EMCOR Group in the second quarter worth $43,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Down 0.1%

Shares of NYSE:EME opened at $625.91 on Friday. The company has a 50 day moving average price of $618.70 and a two-hundred day moving average price of $505.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $28.02 billion, a PE ratio of 25.97 and a beta of 1.28. EMCOR Group has a 52 week low of $320.89 and a 52 week high of $667.64.

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

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.15%.

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.