Shares of Emcor Group Inc (NYSE:EME) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $80.50.

A number of research firms have commented on EME. Zacks Investment Research lowered Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price target (up previously from $75.00) on shares of Emcor Group in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. Finally, ValuEngine lowered Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.

Emcor Group (NYSE:EME) traded up $0.07 on Tuesday, reaching $82.80. The company’s stock had a trading volume of 153,400 shares, compared to its average volume of 367,500. The company has a market cap of $4,870.00, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.41. Emcor Group has a fifty-two week low of $59.76 and a fifty-two week high of $84.73.

Emcor Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.27. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.93 billion. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. Emcor Group’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. analysts anticipate that Emcor Group will post 3.79 earnings per share for the current fiscal year.

Emcor Group declared that its board has authorized a share repurchase program on Thursday, October 26th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. Emcor Group’s dividend payout ratio (DPR) is 8.84%.

In other Emcor Group news, Director Jerry E. Ryan sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $78.06, for a total transaction of $1,014,780.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William P. Reid sold 4,647 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of EME. Legal & General Group Plc grew its holdings in shares of Emcor Group by 12.9% during the 2nd quarter. Legal & General Group Plc now owns 72,726 shares of the construction company’s stock worth $4,756,000 after acquiring an additional 8,285 shares during the period. American Century Companies Inc. purchased a new position in shares of Emcor Group during the 2nd quarter worth approximately $1,377,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Emcor Group by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the construction company’s stock worth $155,000 after buying an additional 194 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Emcor Group by 15.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,492 shares of the construction company’s stock worth $882,000 after buying an additional 1,769 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of Emcor Group by 1.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,479 shares of the construction company’s stock worth $516,000 after buying an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 94.07% of the company’s stock.

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Emcor Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its 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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