Emcor Group Inc. (NYSE:EME) announced a quarterly dividend on Monday, October 3rd. Investors of record on Monday, October 17th will be paid a dividend of 0.08 per share on Friday, October 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, October 13th.
Shares of Emcor Group (NYSE:EME) opened at 59.00 on Friday. The firm has a market cap of $3.59 billion, a PE ratio of 20.15 and a beta of 1.10. The company’s 50 day moving average is $57.67 and its 200-day moving average is $51.60. Emcor Group has a 12 month low of $40.98 and a 12 month high of $60.56.
Emcor Group (NYSE:EME) last issued its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.75 billion. Emcor Group had a net margin of 2.55% and a return on equity of 12.33%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. Equities research analysts predict that Emcor Group will post $3.10 EPS for the current year.
A number of equities analysts recently weighed in on the stock. FBR & Co boosted their target price on shares of Emcor Group from $52.00 to $62.00 and gave the stock a “mkt perform” rating in a report on Tuesday, August 16th. Zacks Investment Research downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, Sidoti started coverage on shares of Emcor Group in a report on Tuesday, June 21st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.00.
In other news, SVP Maxine Lum Mauricio sold 1,386 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $56.35, for a total value of $78,101.10. Following the completion of the sale, the senior vice president now owns 15,493 shares of the company’s stock, valued at $873,030.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jerry E. Ryan sold 6,202 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $55.42, for a total transaction of $343,714.84. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in EME. State Street Corp boosted its stake in shares of Emcor Group by 51.8% in the second quarter. State Street Corp now owns 1,965,686 shares of the company’s stock worth $96,827,000 after buying an additional 670,717 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Emcor Group by 9.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,887,148 shares of the company’s stock worth $92,961,000 after buying an additional 165,715 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Emcor Group by 48.8% in the second quarter. BlackRock Investment Management LLC now owns 409,744 shares of the company’s stock worth $20,184,000 after buying an additional 134,359 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of Emcor Group by 87.5% in the second quarter. King Luther Capital Management Corp now owns 265,335 shares of the company’s stock worth $13,070,000 after buying an additional 123,830 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Emcor Group by 224.4% in the second quarter. American International Group Inc. now owns 150,452 shares of the company’s stock worth $7,411,000 after buying an additional 104,073 shares during the last quarter. 96.88% of the stock is owned by institutional investors.
About Emcor Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s 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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