HB Wealth Management LLC Acquires New Stake in EMCOR Group, Inc. (NYSE:EME)

HB Wealth Management LLC bought a new position in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 967 shares of the construction company’s stock, valued at approximately $439,000.

A number of other institutional investors have also recently modified their holdings of the stock. Blair William & Co. IL boosted its stake in EMCOR Group by 61.1% in the 2nd quarter. Blair William & Co. IL now owns 2,483 shares of the construction company’s stock worth $907,000 after purchasing an additional 942 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of EMCOR Group by 183.8% in the second quarter. AE Wealth Management LLC now owns 1,629 shares of the construction company’s stock worth $595,000 after buying an additional 1,055 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of EMCOR Group by 50.3% during the second quarter. Ensign Peak Advisors Inc now owns 29,977 shares of the construction company’s stock valued at $10,944,000 after buying an additional 10,030 shares during the last quarter. Bank of Montreal Can increased its position in shares of EMCOR Group by 56.2% during the second quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock valued at $4,708,000 after acquiring an additional 4,380 shares in the last quarter. Finally, Xponance Inc. raised its holdings in EMCOR Group by 28.9% in the 2nd quarter. Xponance Inc. now owns 9,048 shares of the construction company’s stock worth $3,303,000 after acquiring an additional 2,026 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

EMCOR Group stock opened at $535.70 on Thursday. EMCOR Group, Inc. has a one year low of $219.07 and a one year high of $545.30. The stock has a fifty day moving average of $488.15 and a 200 day moving average of $433.93. The stock has a market cap of $24.64 billion, a PE ratio of 27.21 and a beta of 1.12.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during 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 business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 EPS. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. 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 research firms have commented on EME. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.