EMCOR Group (NYSE:EME) Lifted to "Strong-Buy" at StockNews.com

StockNews.com upgraded shares of EMCOR Group (NYSE:EME - Free Report) from a buy rating to a strong-buy rating in a research report released on Wednesday.

Separately, DA Davidson upped their price target 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.

EMCOR Group Stock Performance

NYSE:EME traded up $7.20 during trading hours on Wednesday, hitting $446.94. The stock had a trading volume of 266,207 shares, compared to its average volume of 442,217. The business's 50 day moving average is $388.92 and its 200-day moving average is $375.36. The company has a market cap of $21.00 billion, a price-to-earnings ratio of 29.01 and a beta of 1.07. EMCOR Group has a one year low of $191.50 and a one year high of $448.10.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.76 by $1.49. The firm had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The company's revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.95 earnings per share. On average, sell-side analysts anticipate that EMCOR Group will post 19.5 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group's dividend payout ratio (DPR) is 6.60%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now owns 8,637 shares in the company, valued at approximately $3,202,513.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Scalar Gauge Management LLC bought a new position in shares of EMCOR Group in the 4th quarter valued at about $3,878,000. C M Bidwell & Associates Ltd. acquired a new position in shares of EMCOR Group during the 4th quarter worth approximately $65,000. Bridgefront Capital LLC raised its stake in shares of EMCOR Group by 21.3% during the 4th quarter. Bridgefront Capital LLC now owns 1,758 shares of the construction company's stock worth $379,000 after purchasing an additional 309 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of EMCOR Group by 246.5% in the 4th quarter. Brevan Howard Capital Management LP now owns 8,450 shares of the construction company's stock valued at $1,820,000 after buying an additional 6,011 shares during the last quarter. Finally, Quarry LP bought a new position in shares of EMCOR Group in the fourth quarter valued at $58,000. Institutional investors own 92.59% of the company's stock.

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.