Shares of Emcor Group Inc. (NYSE:EME) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.52 and last traded at $52.25, with a volume of 150,417 shares traded. The stock had previously closed at $52.08.

A number of equities analysts recently commented on EME shares. Zacks Investment Research upgraded Emcor Group from a “sell” rating to a “hold” rating and set a $54.00 price objective on the stock in a research report on Friday, April 29th. Stifel Nicolaus lifted their target price on Emcor Group from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. DA Davidson upgraded Emcor Group from a “neutral” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, Sidoti initiated coverage on Emcor Group in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Emcor Group currently has a consensus rating of “Hold” and a consensus price target of $53.40.

The company has a 50-day moving average of $49.28 and a 200-day moving average of $47.22. The company has a market capitalization of $3.19 billion and a PE ratio of 18.98.

Emcor Group (NYSE:EME) last announced its earnings results on Thursday, April 28th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.01. The business earned $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. Equities analysts anticipate that Emcor Group Inc. will post $2.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Monday, July 18th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, July 14th.

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

Other hedge funds and institutional investors have modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Emcor Group by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,321,158 shares of the company’s stock valued at $111,511,000 after buying an additional 112,931 shares during the period. Principal Financial Group Inc. raised its position in shares of Emcor Group by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,007,786 shares of the company’s stock valued at $48,414,000 after buying an additional 26,919 shares during the period. Fiduciary Management Associates LLC raised its position in shares of Emcor Group by 40.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 482,346 shares of the company’s stock valued at $23,173,000 after buying an additional 138,155 shares during the period. Finally, State of Wisconsin Investment Board raised 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 valued at $11,978,000 after buying an additional 2,880 shares during the period.

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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