EMCOR Group, Inc. (NYSE:EME) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 63.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 750 shares of the construction company’s stock after purchasing an additional 291 shares during the quarter. GAMMA Investing LLC’s holdings in EMCOR Group were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EME. Commonwealth Equity Services LLC grew its stake in EMCOR Group by 12.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,973 shares of the construction company’s stock valued at $2,546,000 after acquiring an additional 799 shares during the period. TD Asset Management Inc purchased a new stake in shares of EMCOR Group during the second quarter worth about $2,487,000. Victory Capital Management Inc. raised its position in shares of EMCOR Group by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 65,158 shares of the construction company’s stock worth $23,788,000 after purchasing an additional 3,102 shares during the last quarter. Candriam S.C.A. purchased a new position in EMCOR Group in the 2nd quarter valued at about $1,509,000. Finally, Savant Capital LLC boosted its holdings in EMCOR Group by 10.0% in the 2nd quarter. Savant Capital LLC now owns 5,145 shares of the construction company’s stock worth $1,878,000 after buying an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 1.0 %

Shares of NYSE:EME opened at $478.37 on Tuesday. EMCOR Group, Inc. has a 52-week low of $210.38 and a 52-week high of $532.38. The stock has a market cap of $22.01 billion, a P/E ratio of 24.30 and a beta of 1.12. The business has a fifty day moving average of $485.31 and a two-hundred day moving average of $424.52.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm posted $3.61 earnings per share. EMCOR Group’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group 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.