EMCOR Group (NYSE:EME) Reaches New 52-Week High – Still a Buy?

EMCOR Group, Inc. (NYSE:EME)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $917.56 and last traded at $917.2640, with a volume of 46967 shares. The stock had previously closed at $903.50.

Analyst Ratings Changes

Several brokerages have commented on EME. Robert W. Baird boosted their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. UBS Group boosted their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Finally, Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $799.29.

EMCOR Group Stock Up 0.4%

The business’s fifty day moving average price is $774.16 and its 200 day moving average price is $707.25. The firm has a market capitalization of $40.32 billion, a PE ratio of 30.42 and a beta of 1.17.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 28.53 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s dividend payout ratio is presently 5.37%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the sale, the chief executive officer directly owned 170,299 shares of the company’s stock, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EME. Ascentis Independent Advisors purchased a new position in EMCOR Group in the first quarter valued at approximately $27,000. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the fourth quarter worth $25,000. Main Street Group LTD raised its stake in shares of EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of EMCOR Group during the 4th quarter valued at $26,000. Finally, Quent Capital LLC purchased a new stake in EMCOR Group during the 3rd quarter worth $29,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.