EMCOR Group, Inc. (NYSE:EME) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 9.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 34,349 shares of the construction company’s stock after selling 3,663 shares during the quarter. Mutual of America Capital Management LLC’s holdings in EMCOR Group were worth $12,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BankPlus Trust Department lifted its holdings in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock worth $38,000 after acquiring an additional 29 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in EMCOR Group in the 4th quarter worth approximately $40,000. Park Square Financial Group LLC bought a new position in EMCOR Group in the 4th quarter worth approximately $48,000. Finally, True Wealth Design LLC raised its position in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company’s stock valued at $60,000 after acquiring an additional 26 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

EME stock opened at $620.98 on Thursday. The firm has a market cap of $27.79 billion, a price-to-earnings ratio of 25.77 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The company’s fifty day simple moving average is $537.07 and its 200 day simple moving average is $459.69.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the business earned $5.25 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group’s dividend payout ratio is presently 4.15%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. William Blair assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an “outperform” rating for the company. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price on the stock. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Hovde Group upgraded shares of EMCOR Group to a “hold” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $611.17.

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.