Emcor Group Inc. (NYSE:EME) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.49 and last traded at $51.79, with a volume of 83,595 shares traded. The stock had previously closed at $52.00.

Several equities research analysts recently issued reports on EME shares. FBR & Co reiterated a “market perform” rating and set a $52.00 price target on shares of Emcor Group in a report on Monday, March 21st. DA Davidson upgraded Emcor Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 28th. Zacks Investment Research upgraded Emcor Group from a “sell” rating to a “hold” rating and set a $54.00 price target for the company in a report on Friday, April 29th. Stifel Nicolaus upped their price target on Emcor Group from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 2nd. Finally, Sidoti started coverage on Emcor Group in a report on Tuesday, June 21st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Emcor Group has a consensus rating of “Hold” and a consensus target price of $53.40.

The stock’s 50-day moving average price is $48.56 and its 200 day moving average price is $46.97. The firm has a market capitalization of $3.15 billion and a PE ratio of 18.74.

Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.01. The firm earned $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. Analysts expect that Emcor Group Inc. will post $2.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Monday, July 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, July 14th.

In other news, Director Jerry E. Ryan sold 6,382 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $48.60, for a total value of $310,165.20. Following the completion of the transaction, the director now owns 35,584 shares in the company, valued at approximately $1,729,382.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael T. Yonker sold 10,833 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $48.58, for a total value of $526,267.14. Following the completion of the transaction, the director now owns 55,197 shares of the company’s stock, valued at approximately $2,681,470.26. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in Emcor Group by 10.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,430,711 shares of the company’s stock worth $116,770,000 after buying an additional 223,815 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Emcor Group by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,321,158 shares of the company’s stock worth $111,511,000 after buying an additional 112,931 shares during the last quarter. Principal Financial Group Inc. boosted its position in Emcor Group by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,007,786 shares of the company’s stock worth $48,414,000 after buying an additional 26,919 shares during the last quarter. Fiduciary Management Associates LLC boosted its position in Emcor Group by 40.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 482,346 shares of the company’s stock worth $23,173,000 after buying an additional 138,155 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Emcor Group by 1.2% in the fourth quarter. State of Wisconsin Investment Board now owns 249,332 shares of the company’s stock worth $11,978,000 after buying an additional 2,880 shares during the last quarter.

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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