EMCOR Group (NYSE:EME) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of EMCOR Group (NYSE:EME) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

EME has been the subject of several other research reports. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

EME opened at $445.21 on Tuesday. The business has a 50 day moving average price of $480.41 and a two-hundred day moving average price of $440.87. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 22.61 and a beta of 1.11. EMCOR Group has a 1-year low of $229.75 and a 1-year high of $545.29.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EME. Los Angeles Capital Management LLC lifted its stake in EMCOR Group by 3.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 240,639 shares of the construction company’s stock worth $109,226,000 after acquiring an additional 7,670 shares in the last quarter. Edge Capital Group LLC grew its position in EMCOR Group by 7.0% during the fourth quarter. Edge Capital Group LLC now owns 502 shares of the construction company’s stock valued at $228,000 after purchasing an additional 33 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in EMCOR Group in the 4th quarter valued at approximately $831,000. IFP Advisors Inc lifted its position in EMCOR Group by 9.7% in the 4th quarter. IFP Advisors Inc now owns 1,669 shares of the construction company’s stock worth $758,000 after buying an additional 147 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of EMCOR Group during the 4th quarter valued at $2,895,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

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.