Emcor Group (NYSE:EME) Price Target Raised to $95.00

Emcor Group (NYSE:EME) had its price objective boosted by Stifel Nicolaus from $93.00 to $95.00 in a research note released on Thursday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other analysts have also issued reports on the stock. Maxim Group reiterated a hold rating and set a $85.00 price target on shares of Emcor Group in a research report on Tuesday, July 30th. Zacks Investment Research raised shares of Emcor Group from a hold rating to a strong-buy rating and set a $97.00 price objective for the company in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Emcor Group presently has a consensus rating of Buy and an average target price of $90.00.

Shares of NYSE EME traded down $1.16 during trading hours on Thursday, hitting $82.28. 387,154 shares of the stock were exchanged, compared to its average volume of 316,672. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The firm has a market cap of $4.68 billion, a P/E ratio of 16.76, a PEG ratio of 0.98 and a beta of 1.17. The firm has a fifty day moving average of $85.60. Emcor Group has a 1-year low of $57.29 and a 1-year high of $89.54.

Emcor Group (NYSE:EME) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.19. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.12 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Equities analysts anticipate that Emcor Group will post 5.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Friday, July 19th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, July 18th. Emcor Group’s payout ratio is 6.52%.

In related news, CFO Mark A. Pompa sold 12,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $85.00, for a total value of $1,020,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new stake in Emcor Group in the second quarter worth $228,000. Hillsdale Investment Management Inc. grew its holdings in Emcor Group by 7.5% in the second quarter. Hillsdale Investment Management Inc. now owns 35,700 shares of the construction company’s stock worth $3,145,000 after purchasing an additional 2,500 shares during the period. GHP Investment Advisors Inc. grew its holdings in Emcor Group by 11.1% in the second quarter. GHP Investment Advisors Inc. now owns 14,389 shares of the construction company’s stock worth $1,268,000 after purchasing an additional 1,436 shares during the period. Envestnet Asset Management Inc. grew its holdings in Emcor Group by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 78,988 shares of the construction company’s stock worth $6,959,000 after purchasing an additional 3,092 shares during the period. Finally, Kavar Capital Partners LLC acquired a new position in shares of Emcor Group during the second quarter valued at about $61,000. 93.70% of the stock is owned by institutional investors and hedge funds.

Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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