EMCOR Group (NYSE:EME) Cut to Buy at StockNews.com

StockNews.com lowered shares of EMCOR Group (NYSE:EME) from a strong-buy rating to a buy rating in a research note released on Wednesday.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

EME stock opened at $425.80 on Wednesday. The firm has a market capitalization of $19.59 billion, a P/E ratio of 21.63 and a beta of 1.11. The business’s 50-day moving average is $472.17 and its two-hundred day moving average is $444.03. EMCOR Group has a 1 year low of $247.24 and a 1 year high of $545.29.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in EMCOR Group during the 3rd quarter worth approximately $33,000. Summit Securities Group LLC purchased a new position in EMCOR Group during the 4th quarter worth approximately $45,000. True Wealth Design LLC grew its stake in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, SJS Investment Consulting Inc. grew its stake in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.