Cantor Fitzgerald Reaffirms Overweight Rating for EMCOR Group (NYSE:EME)

EMCOR Group (NYSE:EME)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a report released on Tuesday, MarketBeat reports. They presently have a $1,123.00 target price on the construction company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 33.51% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EME. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a report on Thursday, April 30th. DA Davidson increased their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Oppenheimer initiated coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective for the company. Finally, Robert W. Baird raised their price objective on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $871.25.

EMCOR Group Stock Up 2.2%

NYSE EME opened at $841.12 on Tuesday. The stock has a market capitalization of $37.38 billion, a P/E ratio of 28.22 and a beta of 1.12. EMCOR Group has a 52-week low of $478.16 and a 52-week high of $951.96. The firm has a 50-day moving average price of $847.35 and a 200 day moving average price of $750.02.

EMCOR Group (NYSE:EME) last issued its 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. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company posted $5.41 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, equities research analysts expect that EMCOR Group will post 29.22 earnings per share for the current fiscal year.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Steven Schwarzwaelder sold 5,602 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the completion of the transaction, the director directly owned 15,875 shares of the company’s stock, valued at $14,211,141.25. The trade was a 26.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the transaction, the vice president directly owned 4,216 shares of the company’s stock, valued at $3,770,242.32. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,077 shares of company stock worth $8,155,191 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss RE Ltd. acquired a new position in EMCOR Group during the 4th quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in EMCOR Group during the 4th quarter valued at about $26,000. Ascentis Independent Advisors acquired a new position in EMCOR Group during the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new position in EMCOR Group during the 4th quarter valued at about $28,000. Finally, Activest Wealth Management lifted its stake in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after acquiring an additional 48 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

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.