Smith Group Asset Management LLC Takes Position in EMCOR Group, Inc. (NYSE:EME)

Smith Group Asset Management LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, HoldingsChannel reports. The fund bought 630 shares of the construction company’s stock, valued at approximately $286,000.

A number of other institutional investors have also modified their holdings of EME. ORG Wealth Partners LLC purchased a new position in EMCOR Group during the 3rd quarter worth $33,000. Anchor Investment Management LLC boosted its stake in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares during the period. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after acquiring an additional 104 shares during the period. SJS Investment Consulting Inc. raised 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 valued at $51,000 after acquiring an additional 94 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at approximately $49,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EME shares. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

NYSE:EME opened at $440.39 on Thursday. EMCOR Group, Inc. has a 1 year low of $226.51 and a 1 year high of $545.29. The stock has a fifty day moving average price of $485.73 and a two-hundred day moving average price of $438.27. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 22.37 and a beta of 1.12.

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

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

EMCOR Group Company Profile

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.