EMCOR Group, Inc. (NYSE:EME) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of EMCOR Group, Inc. (NYSE:EME) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $654.8333.

A number of equities analysts recently issued reports on EME shares. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price for the company. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. DA Davidson increased their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday. Finally, TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On EMCOR Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. McLean Asset Management Corp grew its position in EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after purchasing an additional 19 shares during the period. Park Place Capital Corp grew its position in shares of EMCOR Group by 6.9% during 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 period. Simon Quick Advisors LLC grew its position in shares of EMCOR Group by 2.1% during 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 period. NBC Securities Inc. grew its position in shares of EMCOR Group by 0.7% during 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 period. Finally, Institute for Wealth Management LLC. grew its position in shares of EMCOR Group by 2.2% during 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 period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of EME stock opened at $689.89 on Thursday. The firm has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business has a fifty day moving average of $635.20 and a 200 day moving average of $532.45. EMCOR Group has a 1 year low of $320.89 and a 1 year high of $697.91.

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

EMCOR Group Announces Dividend

The business also recently declared a quarterly 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. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

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.