EMCOR Group, Inc. (NYSE:EME) Stock Holdings Lowered by First Hawaiian Bank

First Hawaiian Bank trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 18.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,950 shares of the construction company’s stock after selling 1,364 shares during the quarter. First Hawaiian Bank’s holdings in EMCOR Group were worth $2,701,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EME. Commonwealth Equity Services LLC boosted its stake in shares of EMCOR Group by 12.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,973 shares of the construction company’s stock worth $2,546,000 after acquiring an additional 799 shares in the last quarter. TD Asset Management Inc acquired a new stake in EMCOR Group during the 2nd quarter worth about $2,487,000. Victory Capital Management Inc. raised its holdings in shares of EMCOR Group by 5.0% during the second quarter. Victory Capital Management Inc. now owns 65,158 shares of the construction company’s stock valued at $23,788,000 after acquiring an additional 3,102 shares during the period. Candriam S.C.A. acquired a new position in EMCOR Group in the 2nd quarter worth approximately $1,509,000. Finally, Quest Partners LLC grew its position in EMCOR Group by 447.2% during the 2nd quarter. Quest Partners LLC now owns 2,249 shares of the construction company’s stock worth $821,000 after purchasing an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME stock opened at $474.87 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $211.10 and a fifty-two week high of $532.38. The stock’s 50-day moving average is $485.97 and its two-hundred day moving average is $425.14. The firm has a market cap of $21.84 billion, a P/E ratio of 24.12 and a beta of 1.12.

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

EMCOR Group Announces Dividend

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 of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Analysts Set New Price Targets

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

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.