Sheaff Brock Investment Advisors LLC Acquires 45 Shares of EMCOR Group, Inc. (NYSE:EME)

Sheaff Brock Investment Advisors LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,773 shares of the construction company’s stock after buying an additional 45 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in EMCOR Group were worth $2,486,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. CIBC Asset Management Inc increased its stake in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock valued at $587,000 after purchasing an additional 43 shares in the last quarter. Miller Howard Investments Inc. NY boosted its holdings in EMCOR Group by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock worth $787,000 after buying an additional 46 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in EMCOR Group by 30.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after purchasing an additional 47 shares in the last quarter. Cooper Financial Group lifted its stake in EMCOR Group by 3.7% in the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock worth $485,000 after purchasing an additional 47 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in EMCOR Group by 11.7% in the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock worth $202,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 target price on the stock. Finally, DA Davidson upped their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Stock Performance

NYSE EME opened at $498.31 on Friday. The firm’s 50 day moving average price is $438.03 and its 200-day moving average price is $395.70. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $525.31. The company has a market cap of $22.92 billion, a PE ratio of 25.31 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company posted $3.61 earnings per share. The business’s quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.