EMCOR Group, Inc. (NYSE:EME) Receives Average Rating of “Buy” from Brokerages

EMCOR Group, Inc. (NYSE:EME) has received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $965.8571.

Several equities research analysts have issued reports on EME shares. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Weiss Ratings lowered EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. DA Davidson set a $1,047.00 price objective on EMCOR Group in a report on Monday, August 10th. UBS Group boosted their target price on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Cantor Fitzgerald cut their target price on 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.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $749.49 on Friday. EMCOR Group has a 1 year low of $564.92 and a 1 year high of $951.96. The firm has a market cap of $33.06 billion, a PE ratio of 23.31 and a beta of 1.13. The company has a 50 day simple moving average of $775.20 and a two-hundred day simple moving average of $798.42.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, research analysts anticipate that EMCOR Group will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Insider Buying and Selling at EMCOR Group

In other news, Director Carol Lowe sold 950 shares of the company’s 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 completion of the sale, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

Large investors have recently added to or reduced their stakes in the business. Swiss RE Ltd. purchased a new position in shares of EMCOR Group in the fourth quarter worth about $25,000. Ascentis Independent Advisors purchased a new stake in EMCOR Group during the 1st quarter valued at about $27,000. NBH Bank purchased a new stake in EMCOR Group during the 2nd quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new position in EMCOR Group during the 4th quarter worth approximately $28,000. Finally, Basecamp Wealth Advisors LLC grew its position in EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

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.