EMCOR Group (NYSE:EME) Price Target Lowered to $514.00 at Stifel Nicolaus

EMCOR Group (NYSE:EME - Free Report) had its price target lowered by Stifel Nicolaus from $600.00 to $514.00 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the construction company's stock.

EME has been the topic of a number of other reports. Northcoast Research assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective on the stock. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Stock Performance

NYSE EME traded down $13.18 during trading on Thursday, hitting $395.73. 560,352 shares of the company's stock traded hands, compared to its average volume of 517,509. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 20.10 and a beta of 1.11. EMCOR Group has a 12-month low of $313.48 and a 12-month high of $545.29. The business has a 50 day moving average of $458.38 and a 200-day moving average of $449.73.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.81 billion. On average, analysts expect that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is 4.64%.

EMCOR Group declared that its board has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of EMCOR Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC increased its stake in EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at about $45,000. Park Square Financial Group LLC purchased a new position in shares of EMCOR Group during the 4th quarter valued at about $48,000. True Wealth Design LLC raised its holdings in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after buying an additional 104 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after buying an additional 94 shares during the last quarter. Hedge funds and other 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.