EMCOR Group, Inc. (NYSE:EME) Receives $494.50 Average PT from Analysts

Shares of EMCOR Group, Inc. (NYSE:EME) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $509.60.

A number of analysts have issued reports on EME shares. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. UBS Group assumed coverage on EMCOR Group in a research note on Friday. They issued a “buy” rating and a $570.00 price target on the stock. Finally, Stifel Nicolaus decreased their target price on EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a report on Thursday, May 1st.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares of the company’s stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the transaction, the chief executive officer now owns 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EMCOR Group

Institutional investors have recently bought and sold shares of the business. BankPlus Trust Department raised its holdings in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the 1st quarter valued at $30,000. Groupe la Francaise increased its position in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock worth $33,000 after buying an additional 38 shares during the period. Finally, Pandora Wealth Inc. bought a new position in EMCOR Group during the 1st quarter worth $37,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $477.30 on Friday. The firm has a market cap of $21.36 billion, a P/E ratio of 24.24 and a beta of 1.23. EMCOR Group has a 52-week low of $319.49 and a 52-week high of $545.30. The business’s fifty day moving average is $435.60 and its 200-day moving average is $439.09.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.17 earnings per share. On average, research analysts predict that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s dividend payout ratio is presently 4.42%.

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.