EMCOR Group (NYSE:EME) Rating Lowered to Hold at Zacks Research

EMCOR Group (NYSE:EME) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts also recently commented on EME. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. UBS Group upped their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a report on Thursday, April 30th. Robert W. Baird increased their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $799.29.

EMCOR Group Stock Performance

EMCOR Group stock opened at $856.94 on Tuesday. The company’s 50 day simple moving average is $825.21 and its 200-day simple moving average is $730.95. The company has a market capitalization of $38.08 billion, a price-to-earnings ratio of 28.75 and a beta of 1.17. EMCOR Group has a 1 year low of $455.14 and a 1 year high of $951.96.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.41 EPS. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Equities analysts expect that EMCOR Group will post 28.67 earnings per share for the current year.

Insider Transactions at EMCOR Group

In related news, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the sale, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the completion of the sale, the chief financial officer owned 18,157 shares in the company, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,077 shares of company stock valued at $34,416,471 over the last quarter. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of EMCOR Group by 17.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after purchasing an additional 798,975 shares during the period. State Street Corp lifted its holdings in shares of EMCOR Group by 2.2% during the fourth quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock worth $1,158,603,000 after buying an additional 40,801 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EMCOR Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock worth $869,343,000 after buying an additional 7,790 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of EMCOR Group by 34.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock worth $781,239,000 after buying an additional 327,606 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of EMCOR Group by 10.5% during the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock worth $488,986,000 after buying an additional 75,692 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.