EMCOR Group (NYSE:EME) Shares Down 16.2% – Should You Sell?

EMCOR Group, Inc. (NYSE:EME) shares fell 16.2% on Monday . The company traded as low as $448.61 and last traded at $445.73. 291,535 shares were traded during trading, a decline of 19% from the average session volume of 357,869 shares. The stock had previously closed at $531.65.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Price Performance

The company has a market cap of $20.65 billion, a PE ratio of 22.80 and a beta of 1.12. The stock’s 50-day moving average is $490.19 and its 200 day moving average is $437.44.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business posted $3.61 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s payout ratio is currently 5.08%.

Institutional Investors Weigh In On EMCOR Group

Hedge funds have recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the third quarter valued at approximately $33,000. Anchor Investment Management LLC lifted its stake in EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC increased its stake in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group in the third quarter worth approximately $49,000. Finally, SJS Investment Consulting Inc. boosted its stake in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares during the last quarter. 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.