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

Shares of EMCOR Group, Inc. (NYSE:EME) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $692.8333.

Several research analysts have recently issued reports on EME shares. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. UBS Group set a $750.00 price target on EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective on the stock. in a research note on Thursday, August 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, October 8th.

EMCOR Group Trading Up 0.2%

NYSE:EME opened at $619.91 on Monday. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 25.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group has a 1 year low of $320.89 and a 1 year high of $778.64. The business has a fifty day moving average of $662.62 and a 200-day moving average of $582.23.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts predict that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.02%.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BankPlus Trust Department raised its position in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after purchasing an additional 48 shares during the period. Main Street Group LTD raised its holdings in EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group during the first quarter valued at about $28,000. Quent Capital LLC acquired a new position in shares of EMCOR Group in the third quarter worth about $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the first quarter worth about $30,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.