McGlone Suttner Wealth Management Inc. Boosts Holdings in EMCOR Group, Inc. (NYSE:EME)

McGlone Suttner Wealth Management Inc. grew its stake in EMCOR Group, Inc. (NYSE:EME) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,354 shares of the construction company’s stock after purchasing an additional 187 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in EMCOR Group were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EME. ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the 3rd quarter worth about $33,000. Anchor Investment Management LLC lifted its stake in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EMCOR Group during the 3rd quarter worth $49,000. Finally, Prospera Private Wealth LLC acquired a new position in EMCOR Group in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.8 %

EME stock opened at $531.57 on Friday. The business’s fifty day moving average price is $488.87 and its 200 day moving average price is $434.64. EMCOR Group, Inc. has a 12-month low of $219.07 and a 12-month high of $545.29. The company has a market capitalization of $24.45 billion, a PE ratio of 27.00 and a beta of 1.12.

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

EMCOR Group Dividend Announcement

The company 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 of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent analyst reports. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. One 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 has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group 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.