EMCOR Group, Inc. (NYSE:EME) Receives $965.86 Consensus Target Price from Analysts

EMCOR Group, Inc. (NYSE:EMEGet Free Report) has been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $965.8571.

EME has been the subject of several recent research reports. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. UBS Group lifted their target price on EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. DA Davidson set a $1,047.00 price target on EMCOR Group in a research report on Monday, August 10th. Finally, Cantor Fitzgerald decreased their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th.

Read Our Latest Research Report on EME

EMCOR Group Stock Up 4.2%

Shares of NYSE:EME opened at $779.69 on Friday. EMCOR Group has a 12 month low of $564.92 and a 12 month high of $951.96. The company’s fifty day simple moving average is $775.30 and its 200 day simple moving average is $798.29. The firm has a market cap of $34.39 billion, a price-to-earnings ratio of 24.25 and a beta of 1.13.

EMCOR Group (NYSE:EMEGet Free Report) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts expect that EMCOR Group will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.98%.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol Lowe sold 950 shares of EMCOR Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the sale, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

Several hedge funds have recently modified their holdings of EME. Great Lakes Advisors LLC boosted its position in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of EMCOR Group by 93.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $459,000. Baird Financial Group Inc. boosted its holdings in shares of EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after buying an additional 275 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of EMCOR Group by 406.1% in the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after buying an additional 3,663 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

(Get Free Report)

EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.

The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.

Further Reading

Analyst Recommendations for EMCOR Group (NYSE:EME)

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