EMCOR Group (NYSE:EME) Stock Rating Upgraded by Zacks Research

EMCOR Group (NYSE:EME) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. UBS Group upped their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Oppenheimer initiated coverage on EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Stock Down 3.0%

Shares of EME opened at $804.81 on Tuesday. The business’s 50-day moving average price is $857.16 and its 200-day moving average price is $768.10. EMCOR Group has a twelve month low of $529.04 and a twelve month high of $951.96. The stock has a market cap of $35.77 billion, a PE ratio of 27.00 and a beta of 1.13.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm posted $5.41 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts expect that EMCOR Group will post 29.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jason R. Nalbandian sold 800 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the transaction, the chief financial officer directly owned 18,157 shares in the company, valued at approximately $15,550,199.51. This represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Peter Lind sold 675 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following the transaction, the vice president owned 4,216 shares in the company, valued at $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,027 shares of company stock valued at $8,957,466 in the last three months. 0.83% of the stock is owned by corporate insiders.

Institutional Trading of EMCOR Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss RE Ltd. purchased a new position in shares of EMCOR Group during the fourth quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at $26,000. Ascentis Independent Advisors purchased a new stake in shares of EMCOR Group in the 1st quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in shares of EMCOR Group during the 4th quarter valued at $28,000. Finally, Activest Wealth Management grew its holdings in shares of EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.