EMCOR Group (NYSE:EME) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of EMCOR Group (NYSE:EME) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 price objective on shares of EMCOR Group in a report on Tuesday, June 16th. UBS Group upped their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Oppenheimer began coverage on shares of EMCOR Group in a research note on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $871.25.

EMCOR Group Trading Down 3.0%

EME stock opened at $804.81 on Tuesday. The stock has a market cap of $35.77 billion, a PE ratio of 27.00 and a beta of 1.13. EMCOR Group has a 12 month low of $529.04 and a 12 month high of $951.96. The company has a 50-day moving average price of $857.16 and a 200 day moving average price of $768.10.

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

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s payout ratio is 5.37%.

Insiders Place Their Bets

In other news, Director Carol P. Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction on 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 approximately $3,770,242.32. This represents a 13.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,027 shares of company stock worth $8,957,466. 0.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On EMCOR Group

Large investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC boosted its stake in shares of EMCOR Group by 4,700.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. DV Trading LLC purchased a new stake in EMCOR Group during the first quarter worth $236,000. NewEdge Advisors LLC lifted its holdings in EMCOR Group by 5.1% during the first quarter. NewEdge Advisors LLC now owns 15,774 shares of the construction company’s stock worth $11,646,000 after buying an additional 768 shares during the period. Optiver Holding B.V. bought a new stake in EMCOR Group during the 1st quarter valued at $374,000. Finally, Caerus Investment Advisors LLC increased its holdings in shares of EMCOR Group by 23.8% in the 1st quarter. Caerus Investment Advisors LLC now owns 578 shares of the construction company’s stock valued at $427,000 after acquiring an additional 111 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

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.