EMCOR Group (NYSE:EME) Price Target Raised to $754.00 at Stifel Nicolaus

EMCOR Group (NYSE:EME) had its price objective lifted by Stifel Nicolaus from $713.00 to $754.00 in a report published on Monday, MarketBeat reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities analysts have also recently commented on the stock. DA Davidson boosted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Robert W. Baird set a $713.00 price target on EMCOR Group in a research note on Friday, October 31st. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $698.83.

EMCOR Group Price Performance

Shares of NYSE EME opened at $707.95 on Monday. The business has a fifty day moving average price of $635.30 and a two-hundred day moving average price of $636.53. The stock has a market capitalization of $31.70 billion, a PE ratio of 28.47 and a beta of 1.17. EMCOR Group has a fifty-two week low of $320.89 and a fifty-two week high of $778.64.

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 analysts’ consensus estimates of $6.57. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.EMCOR Group’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts expect that EMCOR Group will post 20.74 EPS for the current year.

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

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th will be given a $0.40 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, January 14th. EMCOR Group’s dividend payout ratio is 6.43%.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors have recently added to or reduced their stakes in EME. Vanguard Group Inc. raised its stake in shares of EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after acquiring an additional 798,975 shares during the last quarter. State Street Corp grew its stake in shares of EMCOR Group by 15.2% in the third quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock worth $1,203,592,000 after purchasing an additional 244,494 shares during the last quarter. Victory Capital Management Inc. increased its holdings in EMCOR Group by 48.8% in the third quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after purchasing an additional 311,474 shares during the period. Norges Bank bought a new position in EMCOR Group during the 2nd quarter worth $344,548,000. Finally, AQR Capital Management LLC lifted its holdings in EMCOR Group by 0.9% during the 3rd quarter. AQR Capital Management LLC now owns 627,507 shares of the construction company’s stock worth $405,295,000 after buying an additional 5,488 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Company Profile

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.