EMCOR Group (NYSE:EME) Stock Rating Lowered by Zacks Research

EMCOR Group (NYSE:EME) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on EME. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research note on Thursday, April 30th. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson raised their target price on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Finally, Robert W. Baird increased their price target on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $799.29.

EMCOR Group Stock Down 0.5%

Shares of EME opened at $856.94 on Tuesday. EMCOR Group has a 52-week low of $455.14 and a 52-week high of $951.96. The company has a market capitalization of $38.08 billion, a PE ratio of 28.75 and a beta of 1.17. The stock has a fifty day simple moving average of $825.21 and a two-hundred day simple moving average of $730.95.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $5.41 EPS. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts anticipate that EMCOR Group will post 28.67 earnings per share for the current fiscal year.

Insider Buying and Selling at EMCOR Group

In other news, VP Robert Peter Lind sold 675 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the transaction, the vice president directly owned 4,216 shares in the company, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven Schwarzwaelder sold 5,602 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total value of $5,014,854.38. Following the transaction, the director owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. This represents a 26.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 45,077 shares of company stock worth $34,416,471. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in EMCOR Group by 17.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after acquiring an additional 798,975 shares during the period. State Street Corp boosted its holdings in EMCOR Group by 2.2% during the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock valued at $1,158,603,000 after acquiring an additional 40,801 shares during the period. Geode Capital Management LLC boosted its holdings in EMCOR Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock valued at $869,343,000 after acquiring an additional 7,790 shares during the period. Victory Capital Management Inc. boosted its holdings in EMCOR Group by 34.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after acquiring an additional 327,606 shares during the period. Finally, Invesco Ltd. boosted its holdings in EMCOR Group by 10.5% during the 4th quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock valued at $488,986,000 after acquiring an additional 75,692 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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.