EMCOR Group (NYSE:EME) Given New $754.00 Price Target at Stifel Nicolaus

EMCOR Group (NYSE:EME) had its price target upped by analysts at Stifel Nicolaus from $713.00 to $754.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 8.50% from the stock’s previous close.

EME has been the topic of several other research reports. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Robert W. Baird set a $713.00 price objective on EMCOR Group in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday. Finally, Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $698.83.

EMCOR Group Price Performance

NYSE:EME opened at $694.95 on Monday. The company’s 50-day simple moving average is $633.37 and its 200 day simple moving average is $635.40. EMCOR Group has a one year low of $320.89 and a one year high of $778.64. The firm has a market capitalization of $31.11 billion, a P/E ratio of 27.94 and a beta of 1.17.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities research analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has authorized a share repurchase program on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Institutional Trading of EMCOR Group

A number of hedge funds have recently bought and sold shares of the business. Austin Private Wealth LLC boosted its holdings in EMCOR Group by 3.6% in the fourth quarter. Austin Private Wealth LLC now owns 437 shares of the construction company’s stock valued at $267,000 after purchasing an additional 15 shares in the last quarter. Signaturefd LLC boosted its stake in EMCOR Group by 3.0% during the 3rd quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock worth $362,000 after purchasing an additional 16 shares during the period. Raleigh Capital Management Inc. raised its stake in EMCOR Group by 2.9% during the 4th quarter. Raleigh Capital Management Inc. now owns 603 shares of the construction company’s stock valued at $369,000 after acquiring an additional 17 shares during the last quarter. Woodward Diversified Capital LLC raised its stake in shares of EMCOR Group by 2.4% during the third quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after purchasing an additional 18 shares during the last quarter. Finally, Cornerstone Investment Partners LLC lifted its stake in shares of EMCOR Group by 0.9% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 1,938 shares of the construction company’s stock worth $1,259,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.