EMCOR Group, Inc. Plans Quarterly Dividend of $0.25 (NYSE:EME)

EMCOR Group, Inc. (NYSE:EME) declared a quarterly dividend on Wednesday, July 3rd, Zacks reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.25 per share by the construction company on Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Monday, July 15th.

EMCOR Group has increased its dividend by an average of 29.2% annually over the last three years. EMCOR Group has a payout ratio of 5.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect EMCOR Group to earn $17.15 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.8%.

EMCOR Group Stock Performance

Shares of EME stock opened at $371.09 on Friday. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 24.48 and a beta of 1.06. The firm has a fifty day moving average of $377.31 and a 200-day moving average of $312.90. EMCOR Group has a 52-week low of $180.63 and a 52-week high of $401.98.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. On average, sell-side analysts predict that EMCOR Group will post 16.1 earnings per share for the current year.

Insider Activity

In other news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

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.