Tevis Investment Management Boosts Holdings in EMCOR Group, Inc. (NYSE:EME)

Tevis Investment Management boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 20.0% in the third quarter, Holdings Channel.com reports. The fund owned 1,018 shares of the construction company’s stock after buying an additional 170 shares during the quarter. Tevis Investment Management’s holdings in EMCOR Group were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at about $26,000. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group in the second quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the third quarter valued at approximately $33,000. Innealta Capital LLC purchased a new position in shares of EMCOR Group during the second quarter worth approximately $29,000. Finally, ORG Partners LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 1.1 %

NYSE:EME opened at $431.77 on Thursday. EMCOR Group, Inc. has a 12-month low of $204.11 and a 12-month high of $456.16. The stock’s 50 day simple moving average is $415.78 and its 200-day simple moving average is $385.33. The firm has a market cap of $20.29 billion, a P/E ratio of 28.48 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the company posted $3.61 EPS. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. Research analysts forecast that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s payout ratio is currently 6.60%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

EMCOR Group 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.