Emcor Group (NYSE:EME) Shares Pass Above 200-Day Moving Average of $86.58

Emcor Group Inc (NYSE:EME)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $86.58 and traded as high as $86.61. Emcor Group shares last traded at $85.74, with a volume of 8,789 shares traded.

EME has been the subject of a number of research analyst reports. Maxim Group reissued a “hold” rating and set a $95.00 target price on shares of Emcor Group in a research report on Thursday, October 31st. ValuEngine lowered shares of Emcor Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, DA Davidson boosted their target price on shares of Emcor Group to $107.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Emcor Group presently has an average rating of “Buy” and a consensus price target of $98.50.

The firm has a market cap of $4.83 billion, a P/E ratio of 17.46 and a beta of 1.09. The stock’s 50 day moving average is $87.37 and its two-hundred day moving average is $86.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.40.

Emcor Group (NYSE:EME) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.04. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Emcor Group had a net margin of 3.51% and a return on equity of 17.11%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, research analysts forecast that Emcor Group Inc will post 5.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. Emcor Group’s payout ratio is currently 6.52%.

In related news, CEO Anthony Guzzi sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $89.04, for a total value of $445,200.00. Following the sale, the chief executive officer now owns 354,146 shares of the company’s stock, valued at $31,533,159.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC grew its stake in Emcor Group by 68.1% during the third quarter. Penserra Capital Management LLC now owns 585 shares of the construction company’s stock worth $50,000 after buying an additional 237 shares during the last quarter. Wealthcare Capital Management LLC bought a new stake in Emcor Group during the third quarter worth about $53,000. Huntington National Bank grew its stake in Emcor Group by 179.4% during the third quarter. Huntington National Bank now owns 623 shares of the construction company’s stock worth $54,000 after buying an additional 400 shares during the last quarter. Usca Ria LLC bought a new stake in Emcor Group during the third quarter worth about $83,000. Finally, Tower Research Capital LLC TRC grew its stake in Emcor Group by 30.8% during the third quarter. Tower Research Capital LLC TRC now owns 1,122 shares of the construction company’s stock worth $97,000 after buying an additional 264 shares during the last quarter. 91.41% of the stock is currently owned by hedge funds and other institutional investors.

Emcor Group Company Profile (NYSE:EME)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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