Northcoast Research Begins Coverage on EMCOR Group (NYSE:EME)

Northcoast Research began coverage on shares of EMCOR Group (NYSE:EME) in a research report released on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $600.00 target price on the construction company’s stock.

Several other brokerages have also commented on EME. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Up 1.2 %

Shares of EMCOR Group stock opened at $510.91 on Friday. The company has a market cap of $23.50 billion, a P/E ratio of 25.83 and a beta of 1.07. The firm’s 50 day moving average price is $457.00 and its 200-day moving average price is $402.97. EMCOR Group has a 52-week low of $209.31 and a 52-week high of $532.38.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm posted $3.61 EPS. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts forecast that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Hedge Funds Weigh In On EMCOR Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its holdings in EMCOR Group by 46.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company’s stock worth $409,000 after buying an additional 301 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $238,000. Fulcrum Equity Management purchased a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $205,000. SkyView Investment Advisors LLC grew its holdings in shares of EMCOR Group by 0.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company’s stock worth $3,243,000 after acquiring an additional 68 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $204,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.