EMCOR Group (NYSE:EME) Sets New 12-Month High – Here’s Why

EMCOR Group, Inc. (NYSE:EME) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $755.57 and last traded at $754.12, with a volume of 477540 shares trading hands. The stock had previously closed at $748.24.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price objective on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research report on Thursday, August 7th. Finally, DA Davidson raised their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $654.83.

EMCOR Group Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market capitalization of $33.75 billion, a P/E ratio of 31.29 and a beta of 1.24. The company has a 50-day moving average price of $649.26 and a 200-day moving average price of $553.65.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group’s payout ratio is currently 4.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock worth $103,000 after acquiring an additional 62 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock valued at $374,000 after purchasing an additional 262 shares during the period. Nordea Investment Management AB raised its stake in shares of EMCOR Group by 63.8% in the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after purchasing an additional 153,948 shares during the period. Raymond James Financial Inc. raised its stake in shares of EMCOR Group by 8.7% in the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company’s stock valued at $37,531,000 after purchasing an additional 8,166 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of EMCOR Group in the 1st quarter valued at about $277,000. 92.59% of the stock is currently owned by institutional investors.

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.