EMCOR Group, Inc. (NYSE:EME) Receives $518.75 Average PT from Brokerages

Shares of EMCOR Group, Inc. (NYSE:EME) have earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $518.75.

Several equities analysts have commented on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EME. CANADA LIFE ASSURANCE Co grew its position in shares of EMCOR Group by 20.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,643 shares of the construction company’s stock valued at $11,437,000 after purchasing an additional 5,633 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of EMCOR Group during the 1st quarter worth $330,000. Quadrature Capital Ltd lifted its holdings in shares of EMCOR Group by 1,279.0% during the 1st quarter. Quadrature Capital Ltd now owns 19,734 shares of the construction company’s stock worth $6,911,000 after acquiring an additional 18,303 shares during the last quarter. Hyperion Capital Advisors LP bought a new stake in shares of EMCOR Group during the 1st quarter worth $315,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of EMCOR Group by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock worth $50,711,000 after acquiring an additional 13,995 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $514.78 on Friday. The company has a market capitalization of $23.68 billion, a P/E ratio of 25.95 and a beta of 1.07. EMCOR Group has a 1 year low of $209.31 and a 1 year high of $532.38. The business’s 50 day simple moving average is $459.16 and its 200 day simple moving average is $403.87.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $3.61 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group’s dividend payout ratio is 5.08%.

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.