Zacks Research cut shares of EMCOR Group (NYSE:EME – Free Report) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.
Several other research firms have also recently weighed in on EME. DA Davidson lifted their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Finally, Robert W. Baird boosted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $799.29.
Check Out Our Latest Report on EME
EMCOR Group Stock Performance
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the company posted $5.41 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, research analysts forecast that EMCOR Group will post 28.67 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s payout ratio is currently 5.37%.
Insider Buying and Selling at EMCOR Group
In other news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. The trade was a 16.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,077 shares of company stock worth $34,416,471 over the last 90 days. 0.83% of the stock is currently owned by insiders.
Institutional Investors Weigh In On EMCOR Group
Institutional investors and hedge funds have recently modified their holdings of the business. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of EMCOR Group in the 4th quarter valued at $26,000. Main Street Group LTD lifted its stake in shares of EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group in the 1st quarter valued at $27,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group in the 4th quarter valued at $28,000. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than EMCOR Group
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
