EMCOR Group (NYSE:EME) Hits New 1-Year Low Following Analyst Downgrade

Shares of EMCOR Group, Inc. (NYSE:EME – Get Rating) hit a new 52-week low during trading on Tuesday after KeyCorp lowered their price target on the stock from $146.00 to $125.00. KeyCorp currently has an overweight rating on the stock. EMCOR Group traded as low as $95.64 and last traded at $99.49, with a volume of 453136 shares changing hands. The stock had previously closed at $96.26.

A number of other brokerages have also weighed in on EME. Sidoti upgraded shares of EMCOR Group from a “neutral” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Monday, May 16th. DA Davidson upgraded shares of EMCOR Group from a “neutral” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Friday, February 25th. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 2nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $136.25.

In related news, CEO Anthony Guzzi sold 1,381 shares of EMCOR Group stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $120.00, for a total value of $165,720.00. Following the sale, the chief executive officer now owns 291,256 shares in the company, valued at $34,950,720. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carol P. Lowe sold 1,975 shares of EMCOR Group stock in a transaction on Monday, June 13th. The shares were sold at an average price of $102.55, for a total transaction of $202,536.25. Following the completion of the sale, the director now owns 16,722 shares in the company, valued at approximately $1,714,841.10. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Hilton Capital Management LLC boosted its holdings in shares of EMCOR Group by 4.8% during the 4th quarter. Hilton Capital Management LLC now owns 2,028 shares of the construction company’s stock valued at $258,000 after buying an additional 93 shares in the last quarter. State of Michigan Retirement System boosted its stake in EMCOR Group by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 13,535 shares of the construction company’s stock worth $1,724,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in EMCOR Group by 66.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in EMCOR Group by 0.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,505 shares of the construction company’s stock worth $3,661,000 after purchasing an additional 110 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in EMCOR Group by 5.3% in the 1st quarter. Fulton Bank N.A. now owns 2,264 shares of the construction company’s stock worth $255,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

The stock has a 50-day simple moving average of $106.79 and a two-hundred day simple moving average of $114.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a market cap of $5.09 billion, a PE ratio of 14.46 and a beta of 1.18.

EMCOR Group (NYSE:EME – Get Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.23). EMCOR Group had a return on equity of 17.26% and a net margin of 3.65%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm posted $1.54 EPS. EMCOR Group’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 7.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, April 14th. EMCOR Group’s payout ratio is 7.53%.

EMCOR Group Company Profile (NYSE:EME)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

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