EMCOR Group, Inc. (NYSE: EME – Get Rating) shares reached a new 52-week low on Tuesday after StockNews.com downgraded the stock from a strong-buy rating to a buy rating. The stock traded as low as $ 95.64 and last traded at $ 99.49, with a volume of 453136 shares traded. The stock had previously closed at $ 96.26.
A number of other research analysts have also commented on EME. Sidoti upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $ 137.00 price target for the company in a report on Monday, May 16th. KeyCorp cut their price target on EMCOR Group from $ 146.00 to $ 125.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, DA Davidson upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $ 142.00 price target for the company in a report on Friday, February 25th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, EMCOR Group has a consensus rating of “Buy” and a consensus price target of $ 136.25.
In other EMCOR Group news, CEO Anthony Guzzi sold 1,381 shares of the company stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $ 120.00, for a total value of $ 165,720.00. Following the sale, the chief executive officer now directly owns 291,256 shares in the company, valued at $ 34,950,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol P. Lowe sold 1,975 shares of the company stock in a transaction on Monday, June 13th. The shares were sold at an average price of $ 102.55, for a total value of $ 202,536.25. Following the completion of the sale, the director now owns 16,722 shares in the company, valued at $ 1,714,841.10. The disclosure for this sale can be found here. Insiders own 1.70% of the company stock.
Several hedge funds have recently made changes to their positions in EME. Allspring Global Investments Holdings LLC bought a new stake in shares of EMCOR Group during the fourth quarter worth $ 28,088,000. TimesSquare Capital Management LLC grew its holdings in shares of EMCOR Group by 22.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 913,160 shares of the construction company stock worth $ 116,327,000 after purchasing an additional 166,545 shares during the last quarter. Leeward Investments LLC MA bought a new stake in shares of EMCOR Group during the first quarter worth $ 14,953,000. Assenagon Asset Management SA grew its holdings in shares of EMCOR Group by 443.2% during the fourth quarter. Assenagon Asset Management SA now owns 152,336 shares of the construction company stock worth $ 19,406,000 after purchasing an additional 124,290 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of EMCOR Group by 232.8% during the first quarter. Allianz Asset Management GmbH now owns 166,815 shares of the construction company stock worth $ 18,789,000 after purchasing an additional 116,692 shares during the last quarter. Institutional investors own 94.36% of the company stock.
The firm has a fifty day moving average price of $ 106.50 and a 200 day moving average price of $ 114.65. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.11. The company has a market cap of $ 5.08 billion, a P / E ratio of 14.38 and a beta of 1.18.
EMCOR Group (NYSE: EME – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The construction company reported $ 1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $ 1.62 by ($ 0.23). EMCOR Group had a net margin of 3.65% and a return on equity of 17.26%. The firm had revenue of $ 2.59 billion for the quarter, compared to analyst estimates of $ 2.46 billion. During the same period last year, the company earned $ 1.54 EPS. The company revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 7.59 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 18th were paid a dividend of $ 0.13 per share. This represents a $ 0.52 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, April 14th. EMCOR Group’s dividend payout ratio (DPR) is presently 7.53%.
EMCOR Group Company Profile: (NYSE: EME)
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.
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