EMCOR Group (NYSE:EME) Rating Lowered to Buy at StockNews.com

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

Several other brokerages also recently issued reports on EME. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Finally, Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $398.33 on Tuesday. The company has a market cap of $18.32 billion, a P/E ratio of 20.23 and a beta of 1.11. The stock’s 50-day moving average is $463.19 and its 200-day moving average is $448.38. EMCOR Group has a 52-week low of $269.06 and a 52-week high of $545.29.

EMCOR Group Dividend Announcement

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

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in EMCOR Group by 8.4% during the third quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock valued at $300,000 after purchasing an additional 54 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in EMCOR Group during the third quarter valued at approximately $31,140,000. Arkadios Wealth Advisors boosted its holdings in EMCOR Group by 14.5% during the third quarter. Arkadios Wealth Advisors now owns 631 shares of the construction company’s stock valued at $272,000 after purchasing an additional 80 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EMCOR Group by 21.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $5,230,000 after purchasing an additional 2,161 shares in the last quarter. Finally, Inscription Capital LLC acquired a new stake in EMCOR Group during the third quarter valued at approximately $349,000. 92.59% of the stock is owned by institutional investors and hedge funds.

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.