EMCOR Group, Inc. (NYSE:EME) Given Consensus Rating of “Moderate Buy” by Brokerages

EMCOR Group, Inc. (NYSE:EME) has received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $692.8333.

Several research analysts recently weighed in on EME shares. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Stifel Nicolaus boosted their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday. Robert W. Baird set a $713.00 price target on EMCOR Group in a research note on Friday, October 31st. Finally, DA Davidson boosted their price target on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the transaction, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barnes Dennig Private Wealth Management LLC acquired a new position in EMCOR Group in the fourth quarter valued at approximately $26,000. Main Street Group LTD lifted its stake in shares of EMCOR Group by 110.0% in the 3rd 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 acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $29,000. Orion Capital Management LLC purchased a new position in shares of EMCOR Group during the 3rd quarter worth $31,000. Finally, Richardson Financial Services Inc. increased its position in shares of EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock worth $34,000 after purchasing an additional 23 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $694.95 on Friday. EMCOR Group has a 1 year low of $320.89 and a 1 year high of $778.64. The firm has a market capitalization of $31.11 billion, a price-to-earnings ratio of 27.94 and a beta of 1.17. The business’s 50 day moving average price is $633.37 and its 200-day moving average price is $634.14.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS 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 6.96% and a return on equity of 37.04%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts expect that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 6.43%.

EMCOR Group announced that its Board of Directors has approved a share buyback plan on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.