Emcor Group Inc. (EME) Sets New 12-Month High at $56.90
Emcor Group Inc. (NYSE:EME) reached a new 52-week high on Friday . The company traded as high as $56.90 and last traded at $56.62, with a volume of 109,511 shares traded. The stock had previously closed at $55.32.
EME has been the topic of a number of analyst reports. DA Davidson upgraded shares of Emcor Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 28th. Zacks Investment Research upgraded shares of Emcor Group from a “sell” rating to a “hold” rating and set a $54.00 target price on the stock in a report on Friday, April 29th. Stifel Nicolaus upped their target price on shares of Emcor Group from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 2nd. Finally, Sidoti initiated coverage on shares of Emcor Group in a report on Tuesday, June 21st. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.00.
The stock has a market capitalization of $3.44 billion and a PE ratio of 19.31. The company’s 50 day moving average is $50.74 and its 200-day moving average is $47.74.
Emcor Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.24. The firm earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. Emcor Group’s revenue was up 16.8% compared to the same quarter last year. Equities research analysts forecast that Emcor Group Inc. will post $3.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, July 14th.
In other news, Director Jerry E. Ryan sold 6,202 shares of Emcor Group stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $55.42, for a total transaction of $343,714.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael T. Yonker sold 10,833 shares of Emcor Group stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $48.58, for a total transaction of $526,267.14. Following the sale, 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.
Several large investors recently made changes to their positions in the stock. GSA Capital Partners LLP raised its stake in shares of Emcor Group by 26.5% in the fourth quarter. GSA Capital Partners LLP now owns 33,974 shares of the company’s stock worth $1,632,000 after buying an additional 7,117 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of Emcor Group during the fourth quarter worth $2,335,000. Suntrust Banks Inc. raised its stake in shares of Emcor Group by 15.9% in the fourth quarter. Suntrust Banks Inc. now owns 57,824 shares of the company’s stock worth $2,777,000 after buying an additional 7,912 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Emcor Group by 25.0% in the fourth quarter. First Trust Advisors LP now owns 82,373 shares of the company’s stock worth $3,957,000 after buying an additional 16,498 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Emcor Group by 166.2% in the fourth quarter. Bank of Montreal Can now owns 105,844 shares of the company’s stock worth $5,084,000 after buying an additional 66,090 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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