EMCOR Group, Inc. (NYSE:EME) Receives Consensus Recommendation of “Moderate Buy” from Analysts

EMCOR Group, Inc. (NYSE:EME) has received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $692.8333.

Several equities research analysts recently issued reports on EME shares. Stifel Nicolaus boosted their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. DA Davidson upped their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $713.00 price objective on EMCOR Group in a research note on Friday, October 31st.

EMCOR Group Stock Down 0.7%

Shares of NYSE:EME opened at $649.15 on Monday. The company has a market capitalization of $29.06 billion, a price-to-earnings ratio of 26.94 and a beta of 1.25. EMCOR Group has a 12-month low of $320.89 and a 12-month high of $778.64. The business has a 50-day moving average price of $661.69 and a 200 day moving average price of $574.18. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Sell-side analysts expect that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s payout ratio is 4.02%.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director directly owned 6,140 shares in the company, valued at $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On EMCOR Group

Several hedge funds and other institutional investors have recently made changes to their positions in EME. Main Street Group LTD increased its stake in EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Quent Capital LLC purchased a new position in shares of EMCOR Group during the third quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in shares of EMCOR Group during the third quarter worth about $31,000. BankPlus Trust Department increased its position in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after purchasing an additional 48 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.