Emcor Group (NYSE:EME) Reaches New 1-Year High at $85.32

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Emcor Group Inc (NYSE:EME) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $85.32 and last traded at $85.22, with a volume of 3329 shares trading hands. The stock had previously closed at $84.65.

A number of equities analysts have recently issued reports on EME shares. Maxim Group reiterated a “hold” rating and issued a $73.00 price target (up previously from $68.00) on shares of Emcor Group in a report on Wednesday, March 6th. ValuEngine upgraded shares of Emcor Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research upgraded shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a report on Thursday, May 2nd.

The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. The firm has a market cap of $4.75 billion, a PE ratio of 17.03, a PEG ratio of 1.04 and a beta of 1.18.

Emcor Group (NYSE:EME) last announced its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.23. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $1.98 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. Analysts expect that Emcor Group Inc will post 5.45 earnings per share for the current year.

In other Emcor Group news, CEO Anthony Guzzi sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark A. Pompa sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,020,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,546 shares of company stock valued at $3,239,188 over the last 90 days. 1.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP increased its holdings in Emcor Group by 11,886.9% during the 1st quarter. Marshall Wace LLP now owns 78,394 shares of the construction company’s stock valued at $5,729,000 after acquiring an additional 77,740 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Emcor Group by 1,045.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 5,270 shares of the construction company’s stock valued at $385,000 after acquiring an additional 4,810 shares in the last quarter. BlueMountain Capital Management LLC increased its holdings in Emcor Group by 2,607.2% during the 1st quarter. BlueMountain Capital Management LLC now owns 18,084 shares of the construction company’s stock valued at $1,322,000 after acquiring an additional 17,416 shares in the last quarter. BlueCrest Capital Management Ltd increased its holdings in Emcor Group by 210.2% during the 1st quarter. BlueCrest Capital Management Ltd now owns 11,209 shares of the construction company’s stock valued at $819,000 after acquiring an additional 7,596 shares in the last quarter. Finally, Man Group plc increased its holdings in Emcor Group by 93.3% during the 1st quarter. Man Group plc now owns 659,449 shares of the construction company’s stock valued at $48,193,000 after acquiring an additional 318,333 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

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Emcor Group Company Profile (NYSE:EME)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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