EMCOR Group, Inc. (NYSE:EME) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 32.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,394 shares of the construction company’s stock after acquiring an additional 338 shares during the period. Accurate Wealth Management LLC’s holdings in EMCOR Group were worth $651,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Wright Investors Service Inc. acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $484,000. PFW Advisors LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $689,000. Cooper Financial Group grew its position in shares of EMCOR Group by 22.3% in the fourth quarter. Cooper Financial Group now owns 1,673 shares of the construction company’s stock valued at $759,000 after purchasing an additional 305 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of EMCOR Group by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,189 shares of the construction company’s stock worth $5,248,000 after buying an additional 40 shares in the last quarter. Finally, Private Client Services LLC lifted its stake in shares of EMCOR Group by 35.8% in the fourth quarter. Private Client Services LLC now owns 3,253 shares of the construction company’s stock worth $1,477,000 after buying an additional 857 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE:EME opened at $502.75 on Thursday. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of 25.53 and a beta of 1.12. The company’s 50-day moving average is $488.17 and its two-hundred day moving average is $429.28. EMCOR Group, Inc. has a 1-year low of $217.08 and a 1-year high of $532.38.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business posted $3.61 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

EME has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. Finally, Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Company 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.