EMCOR Group (NYSE:EME) Downgraded to Buy Rating by StockNews.com

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

Other equities research analysts have also issued reports about the company. Northcoast Research began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Finally, Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Up 1.8 %

EME opened at $398.33 on Tuesday. The firm has a market cap of $18.32 billion, a PE ratio of 20.23 and a beta of 1.11. The business has a fifty day simple moving average of $463.19 and a 200-day simple moving average of $448.38. EMCOR Group has a fifty-two week low of $269.06 and a fifty-two week high of $545.29.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. EMCOR Group’s payout ratio is currently 5.08%.

Institutional Trading of EMCOR Group

Hedge funds have recently modified their holdings of the business. Continuum Advisory LLC raised its holdings in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock worth $38,000 after acquiring an additional 29 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of EMCOR Group during the fourth quarter worth $45,000. True Wealth Design LLC raised its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group during the third quarter worth $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About EMCOR Group

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.