EMCOR Group (NYSE:EME) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of EMCOR Group (NYSE:EME - Free Report) in a research note released on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $600.00 target price on the construction company's stock.

Other equities analysts have also issued research reports about the stock. DA Davidson upped their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $1.38 during trading on Friday, hitting $499.49. The company's stock had a trading volume of 316,076 shares, compared to its average volume of 434,488. The stock has a 50-day moving average price of $438.03 and a two-hundred day moving average price of $395.70. EMCOR Group has a 52 week low of $209.31 and a 52 week high of $525.31. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 25.31 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $3.61 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts predict that EMCOR Group will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EME. Cumberland Partners Ltd raised its stake in shares of EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock worth $1,722,000 after purchasing an additional 1,500 shares during the period. Cetera Advisors LLC grew its stake in EMCOR Group by 165.3% during the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company's stock valued at $2,174,000 after acquiring an additional 3,869 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock worth $23,473,000 after acquiring an additional 34,553 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of EMCOR Group in the first quarter worth $209,000. Finally, Gulf International Bank UK Ltd purchased a new stake in shares of EMCOR Group in the 2nd quarter valued at about $1,405,000. 92.59% of the stock is owned by 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.