EMCOR Group, Inc. (NYSE:EME) Receives $692.83 Consensus Price Target from Brokerages

EMCOR Group, Inc. (NYSE:EME) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $692.8333.

Several research analysts recently issued reports on the stock. DA Davidson increased their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Robert W. Baird set a $713.00 price target on EMCOR Group in a research report on Friday, October 31st. Finally, The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors have recently made changes to their positions in the company. Main Street Group LTD increased its holdings in EMCOR Group by 110.0% in the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter valued at about $29,000. Orion Capital Management LLC bought a new stake in shares of EMCOR Group in the third quarter worth approximately $31,000. Tobam raised its holdings in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $653.67 on Tuesday. The firm has a market capitalization of $29.26 billion, a P/E ratio of 26.28 and a beta of 1.17. The stock has a 50 day moving average price of $631.15 and a 200-day moving average price of $620.75. EMCOR Group has a 52-week low of $320.89 and a 52-week high of $778.64.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts forecast that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share buyback program on Thursday, December 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is presently 4.02%.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.