Cigna Investments Inc. New Invests $214,000 in EMCOR Group, Inc. (NYSE:EME)

Cigna Investments Inc. New bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 497 shares of the construction company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EME. First Trust Direct Indexing L.P. bought a new stake in shares of EMCOR Group during the first quarter valued at approximately $468,000. Sequoia Financial Advisors LLC acquired a new position in EMCOR Group during the first quarter worth $208,000. BNP Paribas Financial Markets lifted its stake in shares of EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after buying an additional 49,346 shares in the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of EMCOR Group by 238.5% during the first quarter. Capstone Investment Advisors LLC now owns 3,612 shares of the construction company’s stock valued at $1,265,000 after buying an additional 2,545 shares during the last quarter. Finally, Choreo LLC bought a new stake in shares of EMCOR Group during the first quarter worth about $205,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. DA Davidson lifted their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Price Performance

EME opened at $453.21 on Friday. EMCOR Group, Inc. has a fifty-two week low of $206.37 and a fifty-two week high of $461.87. The firm has a market capitalization of $21.15 billion, a P/E ratio of 25.96 and a beta of 1.07. The company’s 50-day moving average is $418.65 and its 200 day moving average is $386.77.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.61 EPS. On average, equities research analysts expect that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid 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 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.73%.

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.