EMCOR Group (NYSE:EME) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of EMCOR Group (NYSE:EME – Get Rating) in a research report report published on Thursday morning. The brokerage issued a strong-buy rating on the construction company’s stock.

Separately, DA Davidson lifted their target price on shares of EMCOR Group from $165.00 to $188.00 and gave the stock a buy rating in a research report on Friday, February 24th.

EMCOR Group Price Performance

EMCOR Group stock opened at $160.40 on Thursday. EMCOR Group has a 52 week low of $95.64 and a 52 week high of $169.88. The company’s 50 day moving average price is $153.05 and its two-hundred day moving average price is $142.23. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.12. The stock has a market cap of $7.65 billion, a P/E ratio of 19.63 and a beta of 1.09.

EMCOR Group (NYSE:EME – Get Rating) last posted its earnings results on Thursday, February 23rd. The construction company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. EMCOR Group had a net margin of 3.67% and a return on equity of 20.55%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the firm earned $1.89 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that EMCOR Group will post 9.13 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th were issued a $0.15 dividend. The ex-dividend date was Friday, January 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.37%. EMCOR Group’s dividend payout ratio (DPR) is presently 7.34%.

Insider Buying and Selling

In related news, EVP Maxine Lum Mauricio sold 2,500 shares of EMCOR Group stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $149.62, for a total value of $374,050.00. Following the sale, the executive vice president now owns 26,478 shares of the company’s stock, valued at approximately $3,961,638.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EMCOR Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in EMCOR Group by 3,453.4% during the 3rd quarter. Lazard Asset Management LLC now owns 77,570 shares of the construction company’s stock valued at $8,957,000 after acquiring an additional 75,387 shares during the period. Meritage Portfolio Management raised its holdings in EMCOR Group by 4.1% during the 3rd quarter. Meritage Portfolio Management now owns 3,593 shares of the construction company’s stock valued at $415,000 after acquiring an additional 142 shares during the period. Quadrant Capital Group LLC raised its holdings in EMCOR Group by 40.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 653 shares of the construction company’s stock valued at $75,000 after acquiring an additional 187 shares during the period. California Public Employees Retirement System raised its holdings in EMCOR Group by 8.3% during the 3rd quarter. California Public Employees Retirement System now owns 123,318 shares of the construction company’s stock valued at $14,241,000 after acquiring an additional 9,451 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $399,000. Institutional investors own 93.44% of the company’s stock.

About EMCOR Group

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EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.