EMCOR Group, Inc. (NYSE:EME - Get Free Report)'s share price was down 16.2% on Monday . The stock traded as low as $448.61 and last traded at $445.73. Approximately 291,535 shares traded hands during trading, a decline of 19% from the average daily volume of 357,869 shares. The stock had previously closed at $531.65.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on EME shares. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target for the company. 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 target on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 price target for the company. Finally, StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.
View Our Latest Research Report on EMCOR Group
EMCOR Group Stock Up 0.5 %
The stock has a market capitalization of $20.26 billion, a P/E ratio of 22.37 and a beta of 1.12. The firm's 50-day simple moving average is $485.73 and its 200 day simple moving average is $438.27.
EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.61 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's payout ratio is 5.08%.
Institutional Trading of EMCOR Group
A number of hedge funds have recently bought and sold shares of EME. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group during the 3rd quarter valued at $33,000. Anchor Investment Management LLC grew its stake in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after purchasing an additional 104 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $49,000. 92.59% of the stock is owned by hedge funds and other institutional investors.
About EMCOR Group
(
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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