Emcor Group Inc (NYSE:EME) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $85.32 and last traded at $85.22, with a volume of 3329 shares. The stock had previously closed at $84.65.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a research note on Thursday, May 2nd. Maxim Group set a $73.00 target price on shares of Emcor Group and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, ValuEngine raised shares of Emcor Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.
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 capitalization of $4.65 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18.
In other Emcor Group news, Chairman Anthony Guzzi sold 7,232 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $75.06, for a total transaction of $542,833.92. Following the transaction, the chairman now owns 402,455 shares in the company, valued at $30,208,272.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark A. Pompa sold 12,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was 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. In the last 90 days, insiders have sold 40,546 shares of company stock worth $3,239,188. Corporate insiders own 1.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Emcor Group by 1.7% in the fourth quarter. BlackRock Inc. now owns 6,848,177 shares of the construction company’s stock valued at $408,769,000 after purchasing an additional 117,137 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Emcor Group by 1.0% in the third quarter. Vanguard Group Inc now owns 5,531,946 shares of the construction company’s stock valued at $415,505,000 after purchasing an additional 53,572 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Emcor Group by 2.3% in the fourth quarter. Prudential Financial Inc. now owns 1,250,340 shares of the construction company’s stock valued at $74,632,000 after purchasing an additional 27,522 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Emcor Group by 1.5% in the first quarter. Northern Trust Corp now owns 1,037,030 shares of the construction company’s stock valued at $75,786,000 after purchasing an additional 15,314 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Emcor Group by 18.1% in the first quarter. Wells Fargo & Company MN now owns 994,518 shares of the construction company’s stock valued at $72,679,000 after purchasing an additional 152,580 shares during the last quarter. Institutional investors own 93.96% of the company’s stock.
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About Emcor Group (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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