EMCOR Group (NYSE:EME) Sets New 12-Month High – Time to Buy?

EMCOR Group, Inc. (NYSE:EME)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $545.30 and last traded at $535.70, with a volume of 383142 shares changing hands. The stock had previously closed at $527.16.

Analyst Upgrades and Downgrades

EME has been the topic of several research reports. The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Down 0.0 %

The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. The stock has a 50 day moving average of $490.19 and a 200 day moving average of $436.48.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned $3.61 earnings per share. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Hedge Funds Weigh In On EMCOR Group

Large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in EMCOR Group in the third quarter worth about $33,000. Anchor Investment Management LLC lifted its holdings in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC lifted its holdings in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in EMCOR Group in the third quarter worth about $49,000. 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.