EMCOR Group (NYSE:EME) Stock Rating Upgraded by StockNews.com

EMCOR Group (NYSE:EME) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Separately, DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Stock Down 1.1 %

Shares of NYSE:EME opened at $442.16 on Wednesday. The company has a market capitalization of $20.78 billion, a P/E ratio of 29.17 and a beta of 1.07. EMCOR Group has a 52-week low of $191.50 and a 52-week high of $448.10. The stock’s fifty day simple moving average is $391.87 and its 200-day simple moving average is $376.32.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the firm earned $2.95 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group will post 19.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EMCOR Group

Hedge funds have recently made changes to their positions in the business. Matrix Trust Co purchased a new position in EMCOR Group in the second quarter valued at about $26,000. Proffitt & Goodson Inc. acquired a new stake in shares of EMCOR Group in the second quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $29,000. ORG Partners LLC acquired a new position in EMCOR Group during the 2nd quarter worth approximately $31,000. Finally, Independence Bank of Kentucky acquired a new position in EMCOR Group during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.