EMCOR Group (NYSE:EME) Lowered 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 issued to investors on Friday morning.

Separately, DA Davidson increased their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a buy rating in a research note on Friday, July 26th.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $435.69 on Friday. EMCOR Group has a fifty-two week low of $191.50 and a fifty-two week high of $437.10. The stock has a market cap of $20.48 billion, a PE ratio of 28.74 and a beta of 1.07. The stock has a fifty day moving average of $373.10 and a 200-day moving average of $366.11.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the firm earned $2.95 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts predict that EMCOR Group will post 19.5 EPS for the current year.

EMCOR Group announced that its Board of Directors has initiated a stock repurchase plan on Friday, June 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now owns 8,637 shares in the company, valued at approximately $3,202,513.23. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC increased its holdings in EMCOR Group by 8.1% during the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after purchasing an additional 34 shares during the period. GAMMA Investing LLC grew its position in shares of EMCOR Group by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after buying an additional 35 shares during the last quarter. Miller Howard Investments Inc. NY increased its stake in shares of EMCOR Group by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after buying an additional 46 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of EMCOR Group by 30.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock valued at $73,000 after acquiring an additional 47 shares in the last quarter. Finally, Cooper Financial Group lifted its stake in EMCOR Group by 3.7% in the second quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock worth $485,000 after acquiring an additional 47 shares during the period. 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.