EMCOR Group (NYSE:EME) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of EMCOR Group (NYSE:EME) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.

Several other equities research analysts have also weighed in on EME. Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 3.0 %

NYSE EME opened at $432.94 on Wednesday. EMCOR Group has a twelve month low of $238.94 and a twelve month high of $545.29. The stock has a market cap of $19.92 billion, a P/E ratio of 21.99 and a beta of 1.11. The company’s 50-day simple moving average is $475.53 and its 200 day simple moving average is $444.22.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Institutional Investors Weigh In On EMCOR Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group during the third quarter worth $33,000. Summit Securities Group LLC acquired a new position in EMCOR Group during the 4th quarter worth about $45,000. True Wealth Design LLC grew its holdings in EMCOR Group by 3,466.7% during the 3rd 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. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at about $49,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of 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. 92.59% of the stock is owned by institutional investors and hedge funds.

About EMCOR Group

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.