Strategy Asset Managers LLC Invests $382,000 in EMCOR Group, Inc. (NYSE:EME)

Strategy Asset Managers LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 888 shares of the construction company’s stock, valued at approximately $382,000.

A number of other large investors have also recently bought and sold shares of the business. Matrix Trust Co acquired a new position in EMCOR Group in the second quarter valued at $26,000. Proffitt & Goodson Inc. acquired a new position in shares of EMCOR Group in the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group during the second quarter worth approximately $29,000. ORG Partners LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $31,000. Finally, ORG Wealth Partners LLC acquired a new position in EMCOR Group in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $515.82 on Thursday. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 26.20 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31. The business’s fifty day moving average is $449.43 and its two-hundred day moving average is $400.01.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 34.99% and a net margin of 6.51%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 EPS. On average, analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders 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 annualized dividend and a dividend yield of 0.19%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. DA Davidson increased their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company.

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.