Truist Financial Corp Has $4.75 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Truist Financial Corp increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,466 shares of the construction company’s stock after acquiring an additional 560 shares during the period. Truist Financial Corp’s holdings in EMCOR Group were worth $4,751,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. True Wealth Design LLC grew its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in EMCOR Group by 494.7% in the fourth 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. Prospera Private Wealth LLC bought a new stake in EMCOR Group in the third quarter valued at about $55,000. Harbor Capital Advisors Inc. acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $62,000. Finally, Rakuten Securities Inc. lifted its holdings in EMCOR Group by 4,025.0% during the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock worth $71,000 after acquiring an additional 161 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Down 4.9 %

Shares of EME opened at $403.75 on Monday. The stock has a market cap of $18.57 billion, a PE ratio of 20.51 and a beta of 1.11. EMCOR Group, Inc. has a 12-month low of $254.09 and a 12-month high of $545.29. The business has a 50-day simple moving average of $465.08 and a two-hundred day simple moving average of $448.15.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

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.