EMCOR Group (NYSE:EME) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of EMCOR Group (NYSE:EME) in a report issued on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $600.00 price target on the construction company’s stock.

A number of other equities research analysts have also recently commented on the stock. DA Davidson lifted their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $500.91 on Friday. EMCOR Group has a 1 year low of $209.31 and a 1 year high of $525.31. The company has a market capitalization of $23.04 billion, a PE ratio of 25.34 and a beta of 1.07. The business has a fifty day moving average price of $443.84 and a two-hundred day moving average price of $397.93.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm earned $3.61 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. Sell-side analysts anticipate that EMCOR Group will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. 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 EME. Matrix Trust Co bought a new position in shares of EMCOR Group in the second quarter worth $26,000. Proffitt & Goodson Inc. bought a new position in EMCOR Group in the 2nd quarter worth about $27,000. ORG Wealth Partners LLC purchased a new position in EMCOR Group during the 3rd quarter valued at about $33,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group during the second quarter valued at about $29,000. Finally, ORG Partners LLC bought a new stake in shares of EMCOR Group during the second quarter valued at about $31,000. Institutional investors own 92.59% of the company’s stock.

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.