EMCOR Group, Inc. (NYSE:EME) Given Consensus Rating of "Hold" by Brokerages

EMCOR Group, Inc. (NYSE:EME - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat reports. One investment 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 1-year target price among analysts that have issued a report on the stock in the last year is $518.75.

A number of research firms have recently issued reports on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective for the company.

Hedge Funds Weigh In On EMCOR Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in EMCOR Group by 971.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock worth $36,978,000 after buying an additional 91,837 shares during the period. Nisa Investment Advisors LLC grew its position in shares of EMCOR Group by 55.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,518 shares of the construction company's stock valued at $11,507,000 after buying an additional 11,265 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of EMCOR Group in the second quarter valued at about $383,000. Fifth Third Bancorp raised its position in shares of EMCOR Group by 15.6% during the second quarter. Fifth Third Bancorp now owns 977 shares of the construction company's stock worth $357,000 after acquiring an additional 132 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of EMCOR Group in the second quarter worth approximately $563,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Down 1.7 %

Shares of NYSE:EME traded down $8.15 during midday trading on Tuesday, reaching $476.40. The company had a trading volume of 439,982 shares, compared to its average volume of 431,088. The business's 50 day moving average price is $479.81 and its 200 day moving average price is $415.65. EMCOR Group has a 1-year low of $209.31 and a 1-year high of $532.38. The stock has a market cap of $21.92 billion, a PE ratio of 24.03 and a beta of 1.09.

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

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

About EMCOR Group

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.