Emcor Group Inc. (EME) Hits New 12-Month High at $57.61
Emcor Group Inc. (NYSE:EME) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.61 and last traded at $57.32, with a volume of 196,036 shares trading hands. The stock had previously closed at $57.14.
EME has been the subject of several research analyst reports. DA Davidson raised Emcor Group from a “neutral” rating to a “buy” rating in a research 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 research note on Friday, April 29th. Stifel Nicolaus increased their price target on Emcor Group from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, May 2nd. Sidoti began coverage on Emcor Group in a research note on Tuesday, June 21st. They set a “buy” rating for the company. Finally, FBR & Co increased their price target on Emcor Group from $52.00 to $62.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 16th. Four analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $57.00.
The company has a 50-day moving average of $53.79 and a 200 day moving average of $48.87. The company has a market capitalization of $3.49 billion and a price-to-earnings ratio of 19.59.
Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.24. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company posted $0.74 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. Analysts expect that Emcor Group Inc. will post $3.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Monday, July 18th were given a dividend of $0.08 per share. 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 related news, Director Michael T. Yonker sold 10,833 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $48.58, for a total transaction of $526,267.14. Following the completion of the sale, the director now owns 55,197 shares in the company, valued at $2,681,470.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maxine Lum Mauricio sold 1,386 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $56.35, for a total value of $78,101.10. Following the sale, the senior vice president now owns 15,493 shares of the company’s stock, valued at approximately $873,030.55. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Emcor Group stock. Schwab Charles Investment Management Inc. increased its position in Emcor Group Inc. (NYSE:EME) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 397,577 shares of the company’s stock after buying an additional 64,657 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.63% of Emcor Group worth $19,100,000 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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