Independent Advisor Alliance Has $2.26 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Independent Advisor Alliance raised its position in EMCOR Group, Inc. (NYSE:EME) by 25.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,252 shares of the construction company’s stock after acquiring an additional 1,049 shares during the period. Independent Advisor Alliance’s holdings in EMCOR Group were worth $2,261,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in EMCOR Group in the 2nd quarter valued at approximately $26,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group in the 2nd quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new position in EMCOR Group in the 3rd quarter valued at approximately $33,000. Innealta Capital LLC acquired a new position in EMCOR Group in the 2nd quarter valued at approximately $29,000. Finally, ORG Partners LLC acquired a new position in EMCOR Group in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday. They issued a “sell” rating and a $445.00 price objective on the stock. Finally, Northcoast Research began coverage on EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Trading Up 1.2 %

EME stock opened at $510.91 on Tuesday. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The firm has a market cap of $23.50 billion, a P/E ratio of 25.95 and a beta of 1.07. The business’s 50 day moving average is $457.00 and its 200-day moving average is $402.97.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.61 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

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.