EMCOR Group, Inc. (NYSE:EME – Get Rating) announced a quarterly dividend on Friday, July 8th, Zacks reports. Investors of record on Monday, July 18th will be paid a dividend of 0.13 per share by the construction company on Friday, July 29th. This represents a $0.52 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, July 15th.
EMCOR Group has raised its dividend by an average of 6.8% annually over the last three years. EMCOR Group has a dividend payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect EMCOR Group to earn $8.65 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 6.0%.
NYSE EME opened at $100.52 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $103.24 and a two-hundred day moving average of $112.28. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 14.55 and a beta of 1.13. EMCOR Group has a 52 week low of $95.64 and a 52 week high of $135.98.
EMCOR Group (NYSE:EME – Get Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.23). EMCOR Group had a net margin of 3.65% and a return on equity of 17.26%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that EMCOR Group will post 7.64 EPS for the current year.
In related news, Director Carol P. Lowe sold 1,975 shares of the company’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $102.55, for a total value of $202,536.25. Following the completion of the transaction, the director now directly owns 16,722 shares in the company, valued at $1,714,841.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 1,381 shares of the company’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $120.00, for a total value of $165,720.00. Following the sale, the chief executive officer now owns 291,256 shares of the company’s stock, valued at $34,950,720. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of EME. Parkside Financial Bank & Trust lifted its holdings in EMCOR Group by 66.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in EMCOR Group by 5.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the construction company’s stock valued at $273,000 after acquiring an additional 135 shares during the period. Mackenzie Financial Corp increased its position in EMCOR Group by 4.5% in the 1st quarter. Mackenzie Financial Corp now owns 3,253 shares of the construction company’s stock valued at $366,000 after acquiring an additional 141 shares during the period. PNC Financial Services Group Inc. increased its position in EMCOR Group by 3.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,156 shares of the construction company’s stock valued at $580,000 after acquiring an additional 189 shares during the period. Finally, Zions Bancorporation N.A. acquired a new position in shares of EMCOR Group during the 1st quarter valued at $26,000. 94.36% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on EME shares. KeyCorp cut their price target on shares of EMCOR Group from $146.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, June 21st. Sidoti upgraded EMCOR Group from a “neutral” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Monday, May 16th. Finally, StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, EMCOR Group currently has a consensus rating of “Buy” and an average price target of $136.25.
About EMCOR Group (Get Rating)
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.
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Source: defenseworld.net
