505 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 505 shares of the construction company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Perigon Wealth Management LLC boosted its position in shares of EMCOR Group by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after acquiring an additional 19 shares during the last quarter. Adirondack Trust Co. boosted its holdings in EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after purchasing an additional 20 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after buying an additional 21 shares during the period. Caprock Group LLC increased its holdings in shares of EMCOR Group by 0.4% during 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. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Down 0.0 %

EME opened at $448.52 on Monday. The stock’s 50-day moving average price is $483.05 and its 200 day moving average price is $439.71. EMCOR Group, Inc. has a 12-month low of $226.99 and a 12-month high of $545.29. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 22.78 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly 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. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.22%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Wall Street Analyst Weigh In

EME has been the subject of several analyst reports. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, EMCOR Group presently has a consensus 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.