EMCOR Group (NYSE:EME) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of EMCOR Group (NYSE:EME) from a sell rating to a neutral rating in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage currently has $676.00 target price on the construction company’s stock, up from their previous target price of $495.00.

Several other research analysts have also weighed in on EME. TD Securities assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating on the stock. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price on the stock. Finally, Baird R W upgraded shares of EMCOR Group to a “strong-buy” rating in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $634.67.

EMCOR Group Stock Down 1.9%

Shares of NYSE:EME opened at $681.56 on Tuesday. EMCOR Group has a one year low of $320.89 and a one year high of $697.50. The company has a 50 day moving average of $631.04 and a 200-day moving average of $524.49. 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 stock has a market cap of $30.51 billion, a price-to-earnings ratio of 28.28 and a beta of 1.24.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the company earned $5.25 EPS. EMCOR Group’s revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts forecast that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio is 4.15%.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Norges Bank acquired a new position in shares of EMCOR Group in the second quarter valued at about $344,548,000. Northern Trust Corp grew its stake in shares of EMCOR Group by 3.7% in the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock valued at $211,239,000 after acquiring an additional 20,604 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after acquiring an additional 521,147 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in shares of EMCOR Group by 2.9% in the second quarter. Burgundy Asset Management Ltd. now owns 530,457 shares of the construction company’s stock valued at $283,736,000 after acquiring an additional 14,935 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Company Profile

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.