Emcor Group Inc. (NYSE:EME) reached 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 trading hands. The stock had previously closed at $52.08.

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

The company has a market capitalization of $3.41 billion and a price-to-earnings ratio of 20.323. The firm’s 50 day moving average is $49.61 and its 200-day moving average is $47.32.

Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.24. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.75 billion. The company’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Emcor Group Inc. will post $2.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Monday, July 18th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $0.32 annualized dividend and a yield of 0.57%.

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

A number of hedge funds have bought and sold shares of the stock. Victory Capital Management Inc. increased its stake 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 in 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 in 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 in 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 in 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 in 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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