USA Financial Formulas Purchases Shares of 585 EMCOR Group, Inc. (NYSE:EME)

USA Financial Formulas bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, Holdings Channel.com reports. The fund bought 585 shares of the construction company’s stock, valued at approximately $266,000.

Other institutional investors have also recently modified their holdings of the company. Caprock Group LLC boosted its holdings in EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after buying an additional 22 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in EMCOR Group by 13.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in EMCOR Group by 3.8% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock worth $357,000 after purchasing an additional 30 shares in the last quarter. Fortem Financial Group LLC lifted its stake in EMCOR Group by 0.5% in the 4th quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock worth $3,167,000 after purchasing an additional 32 shares in the last quarter. Finally, Mount Lucas Management LP lifted its stake in EMCOR Group by 2.5% in the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after purchasing an additional 34 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of research reports. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price 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. Finally, Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

EME stock opened at $511.21 on Friday. The firm has a market cap of $23.52 billion, a PE ratio of 25.96 and a beta of 1.12. The firm’s 50 day moving average price is $488.31 and its 200-day moving average price is $429.85. EMCOR Group, Inc. has a one year low of $217.22 and a one year high of $532.38.

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 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 business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.61 EPS. Equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

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.