News stories about Emcor Group (NYSE:EME) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Emcor Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.5045514948139 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 price objective (up from $75.00) on shares of Emcor Group in a report on Wednesday, November 1st. KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. Finally, ValuEngine downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Emcor Group has an average rating of “Hold” and an average target price of $83.33.
Shares of Emcor Group (NYSE:EME) opened at $84.14 on Friday. The company has a market cap of $4,900.00, a price-to-earnings ratio of 23.24, a PEG ratio of 1.37 and a beta of 1.02. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Emcor Group has a twelve month low of $59.76 and a twelve month high of $85.08.
Emcor Group declared that its board has initiated a stock repurchase plan on Thursday, October 26th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, January 12th. Emcor Group’s dividend payout ratio is currently 8.84%.
In related news, Director William P. Reid sold 4,647 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total value of $385,236.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jerry E. Ryan sold 13,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $78.06, for a total transaction of $1,014,780.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
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About Emcor Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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