EMCOR Group, Inc. (NYSE:EME) Receives $605.33 Consensus Price Target from Analysts

Shares of EMCOR Group, Inc. (NYSE:EME) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $605.3333.

A number of analysts recently issued reports on EME shares. DA Davidson increased their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group increased their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research report on Tuesday, July 8th. TD Securities began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating for the company. Baird R W raised shares of EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

EMCOR Group Trading Up 0.7%

Shares of EME stock opened at $628.84 on Friday. The firm has a market cap of $28.15 billion, a P/E ratio of 26.09 and a beta of 1.27. EMCOR Group has a 1-year low of $319.49 and a 1-year high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The firm’s 50-day simple moving average is $527.75 and its 200-day simple moving average is $456.56.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.25 EPS. As a group, equities analysts forecast that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Hedge Funds Weigh In On EMCOR Group

Several large investors have recently added to or reduced their stakes in EME. Roble Belko & Company Inc bought a new stake in EMCOR Group in the second quarter valued at $69,000. Earned Wealth Advisors LLC bought a new stake in EMCOR Group in the second quarter valued at $204,000. UNIVEST FINANCIAL Corp lifted its stake in EMCOR Group by 97.8% in the second quarter. UNIVEST FINANCIAL Corp now owns 11,420 shares of the construction company’s stock valued at $6,109,000 after buying an additional 5,647 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in EMCOR Group by 2.1% in the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock valued at $584,000 after buying an additional 22 shares during the last quarter. Finally, Strs Ohio lifted its stake in EMCOR Group by 4.2% in the second quarter. Strs Ohio now owns 20,682 shares of the construction company’s stock valued at $11,063,000 after buying an additional 829 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

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.