Brokerages Set EMCOR Group, Inc. (NYSE:EME) Target Price at $518.00

by · The Markets Daily

EMCOR Group, Inc. (NYSE:EME – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $532.00.

Several equities research analysts recently issued reports on the stock. William Blair assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an “outperform” rating on the stock. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating on the stock. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price on the stock. Stifel Nicolaus raised their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Securities began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating on the stock.

Get Our Latest Research Report on EMCOR Group

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer directly owned 208,989 shares of the company’s stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Private Trust Co. NA lifted its position in shares of EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock worth $103,000 after purchasing an additional 62 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock worth $7,317,000 after purchasing an additional 3,407 shares in the last quarter. Redwood Investment Management LLC acquired a new position in shares of EMCOR Group during the fourth quarter worth $1,417,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock worth $3,955,000 after purchasing an additional 6,361 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock worth $312,000 after purchasing an additional 126 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EME opened at $554.51 on Tuesday. The company’s 50 day simple moving average is $487.57 and its 200 day simple moving average is $444.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. EMCOR Group has a 1 year low of $319.49 and a 1 year high of $556.61. The stock has a market capitalization of $24.82 billion, a PE ratio of 24.50 and a beta of 1.24.

EMCOR Group (NYSE:EME – Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the company earned $4.17 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. EMCOR Group’s dividend payout ratio (DPR) is 4.42%.

EMCOR Group Company Profile

(Get Free Report

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.

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