EMCOR Group (NYSE:EME) Now Covered by Analysts at Cantor Fitzgerald

Research analysts at Cantor Fitzgerald initiated coverage on shares of EMCOR Group (NYSE:EME) in a research note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $848.00 price target on the construction company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 18.09% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Robert W. Baird boosted their target price on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $754.00 to $814.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group upped their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $784.43.

EMCOR Group Trading Up 1.7%

Shares of EMCOR Group stock opened at $718.10 on Tuesday. The firm’s 50-day moving average price is $720.55 and its 200 day moving average price is $669.67. EMCOR Group has a twelve month low of $320.89 and a twelve month high of $835.00. The firm has a market capitalization of $31.98 billion, a PE ratio of 25.44 and a beta of 1.16.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.68 by $0.51. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.28 billion. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.32 earnings per share. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, sell-side analysts predict that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group announced that its board has initiated a share repurchase plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 36,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the completion of the transaction, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. The trade was a 17.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On EMCOR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in EMCOR Group by 16.8% in the fourth quarter. Corient Private Wealth LLC now owns 15,462 shares of the construction company’s stock worth $9,462,000 after acquiring an additional 2,225 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of EMCOR Group by 23.1% during the fourth quarter. Hsbc Holdings PLC now owns 129,520 shares of the construction company’s stock valued at $79,301,000 after purchasing an additional 24,323 shares in the last quarter. Worthington Financial Partners LLC bought a new position in EMCOR Group during the 4th quarter valued at $1,625,000. Rehmann Capital Advisory Group purchased a new position in shares of EMCOR Group in the fourth quarter worth $335,000. Finally, Reflection Asset Management purchased a new position in EMCOR Group during the fourth quarter valued at approximately $51,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Company Profile

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.