EMCOR Group (NYSE:EME) Now Covered by Stifel Nicolaus

Stifel Nicolaus started coverage on shares of EMCOR Group (NYSE:EME) in a report issued on Friday, Marketbeat.com reports. The firm issued a buy rating and a $600.00 target price on the construction company’s stock.

EME has been the topic of a number of other reports. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson lifted their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

EMCOR Group Stock Up 0.2 %

Shares of NYSE EME traded up $0.75 on Friday, hitting $498.86. The company had a trading volume of 436,785 shares, compared to its average volume of 435,031. EMCOR Group has a 12-month low of $209.31 and a 12-month high of $525.31. The firm has a market capitalization of $22.95 billion, a P/E ratio of 25.34 and a beta of 1.07. The business has a 50 day moving average of $443.84 and a two-hundred day moving average of $397.35.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 earnings per share. On average, sell-side analysts anticipate that EMCOR Group will post 20.75 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Institutional Investors Weigh In On EMCOR Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Matrix Trust Co bought a new stake in shares of EMCOR Group during the second quarter worth $26,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group in the 2nd quarter valued at about $27,000. Innealta Capital LLC acquired a new position in EMCOR Group in the 2nd quarter valued at $29,000. ORG Partners LLC acquired a new stake in EMCOR Group during the second quarter worth about $31,000. Finally, ORG Wealth Partners LLC bought a new position in EMCOR Group in the third quarter valued at approximately $33,000. Institutional investors own 92.59% of the company’s stock.

About EMCOR Group

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.