Shares of Emcor Group Inc (NYSE:EME) have received an average rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $80.50.

EME has been the subject of several recent analyst reports. Zacks Investment Research cut Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine cut Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. KeyCorp restated a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. Finally, Stifel Nicolaus restated a “buy” rating and set a $88.00 target price (up from $75.00) on shares of Emcor Group in a research report on Wednesday, November 1st.

In other Emcor Group news, Director William P. Reid sold 4,647 shares of Emcor Group stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jerry E. Ryan sold 13,000 shares of Emcor Group stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its stake in shares of Emcor Group by 12.9% in the 2nd quarter. Legal & General Group Plc now owns 72,726 shares of the construction company’s stock valued at $4,756,000 after acquiring an additional 8,285 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Emcor Group in the 2nd quarter valued at about $1,377,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Emcor Group by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the construction company’s stock valued at $155,000 after acquiring an additional 194 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Emcor Group by 15.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,492 shares of the construction company’s stock valued at $882,000 after acquiring an additional 1,769 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Emcor Group by 1.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,479 shares of the construction company’s stock valued at $516,000 after acquiring an additional 198 shares during the last quarter. 94.07% of the stock is owned by hedge funds and other institutional investors.

Emcor Group (NYSE EME) traded up $0.07 during trading on Tuesday, reaching $82.80. The company had a trading volume of 153,400 shares, compared to its average volume of 367,500. Emcor Group has a twelve month low of $59.76 and a twelve month high of $84.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.44. The stock has a market capitalization of $4,870.00, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

Emcor Group (NYSE:EME) last posted its earnings results on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.27. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. equities research analysts predict that Emcor Group will post 3.79 EPS for the current year.

Emcor Group announced that its Board of Directors has initiated a stock buyback program on Thursday, October 26th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date is Friday, January 12th. Emcor Group’s payout ratio is 8.84%.

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Emcor Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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