Zacks Research lowered shares of EMCOR Group (NYSE:EME – Free Report) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks reports.
EME has been the topic of several other reports. UBS Group restated a “buy” rating on shares of EMCOR Group in a research report on Friday, October 9th. Cantor Fitzgerald decreased their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. DA Davidson set a $1,047.00 price objective on EMCOR Group in a research report on Monday, August 10th. Weiss Ratings downgraded EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group dropped their price objective on EMCOR Group from $885.00 to $795.00 and set a “neutral” rating for the company in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $982.86.
EMCOR Group Stock Down 2.2%
NYSE EME opened at $700.86 on Monday. The company has a 50-day simple moving average of $765.98 and a two-hundred day simple moving average of $802.03. EMCOR Group has a 12-month low of $564.92 and a 12-month high of $951.96. The firm has a market cap of $30.91 billion, a price-to-earnings ratio of 21.80 and a beta of 1.12.
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping the consensus estimate of $7.23 by $1.83. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the business earned $6.72 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Equities analysts expect that EMCOR Group will post 32.98 earnings per share for the current fiscal year.
EMCOR Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.98%.
Hedge Funds Weigh In On EMCOR Group
A number of institutional investors have recently added to or reduced their stakes in EME. Whittier Trust Co. of Nevada Inc. grew its stake in shares of EMCOR Group by 3.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock valued at $270,000 after purchasing an additional 13 shares during the period. Investment Advisory Services Inc. TX ADV raised its stake in EMCOR Group by 3.7% during the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 419 shares of the construction company’s stock worth $309,000 after acquiring an additional 15 shares during the period. Narus Financial Partners LLC raised its stake in EMCOR Group by 2.0% during the 1st quarter. Narus Financial Partners LLC now owns 798 shares of the construction company’s stock worth $589,000 after acquiring an additional 16 shares during the period. V Square Quantitative Management LLC lifted its holdings in EMCOR Group by 1.7% during the first quarter. V Square Quantitative Management LLC now owns 1,090 shares of the construction company’s stock valued at $805,000 after purchasing an additional 18 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in EMCOR Group by 2.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 725 shares of the construction company’s stock valued at $547,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
About EMCOR Group
EMCOR Group, Inc provides construction, engineering, and building services through a network of specialty contracting businesses. Its core activities include electrical and mechanical construction, energy infrastructure, building systems, facilities services, and industrial maintenance. The company serves commercial, institutional, industrial, manufacturing, healthcare, education, government, and infrastructure customers.
Its services cover the design, installation, operation, maintenance, and upgrading of electrical, heating, ventilation, air-conditioning, plumbing, fire protection, and building automation systems.
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