Emcor Group Inc. (EME) Hits New 52-Week High at $57.28
Emcor Group Inc. (NYSE:EME) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $57.28 and last traded at $57.16, with a volume of 70,326 shares trading hands. The stock had previously closed at $56.78.
EME has been the topic of a number of recent research reports. DA Davidson upgraded Emcor Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 28th. Zacks Investment Research upgraded Emcor Group from a “sell” rating to a “hold” rating and set a $54.00 target price on the stock in a research note on Friday, April 29th. Stifel Nicolaus raised their target price on Emcor Group from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, May 2nd. Sidoti initiated coverage on Emcor Group in a research note on Tuesday, June 21st. They issued a “buy” rating on the stock. Finally, FBR & Co raised their target price on Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a research note on Tuesday. Four research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $57.00.
The firm’s 50 day moving average price is $52.82 and its 200 day moving average price is $48.52. The company has a market cap of $3.47 billion and a price-to-earnings ratio of 19.49.
Emcor Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.24. During the same quarter last year, the company earned $0.74 earnings per share. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.75 billion. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts predict that Emcor Group Inc. will post $3.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Monday, July 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, July 14th.
In other Emcor Group news, SVP Maxine Lum Mauricio sold 1,386 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $56.35, for a total value of $78,101.10. Following the transaction, the senior vice president now owns 15,493 shares of the company’s stock, valued at $873,030.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. B. Brown sold 5,851 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $55.25, for a total value of $323,267.75. Following the completion of the transaction, the director now directly owns 22,076 shares in the company, valued at approximately $1,219,699. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Emcor Group stock. State of Tennessee Treasury Department acquired a new position in Emcor Group Inc. (NYSE:EME) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,600 shares of the company’s stock, valued at approximately $2,335,000. State of Tennessee Treasury Department owned approximately 0.08% of Emcor Group at the end of the most recent reporting 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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