Yousif Capital Management LLC Decreases Holdings in EMCOR Group, Inc. (NYSE:EME)

Yousif Capital Management LLC decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,029 shares of the construction company’s stock after selling 893 shares during the period. Yousif Capital Management LLC’s holdings in EMCOR Group were worth $7,729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of EMCOR Group by 27.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 371 shares of the construction company’s stock worth $135,000 after purchasing an additional 81 shares in the last quarter. GAMMA Investing LLC grew its position in shares of EMCOR Group by 33.8% during the third quarter. GAMMA Investing LLC now owns 459 shares of the construction company’s stock worth $198,000 after acquiring an additional 116 shares during the last quarter. Barlow Wealth Partners Inc. purchased a new stake in EMCOR Group in the 3rd quarter valued at $12,598,000. CWM LLC boosted its stake in EMCOR Group by 87.9% during the 3rd quarter. CWM LLC now owns 4,243 shares of the construction company’s stock worth $1,827,000 after purchasing an additional 1,985 shares during the period. Finally, UMB Bank n.a. grew its position in EMCOR Group by 6.3% during the 3rd quarter. UMB Bank n.a. now owns 1,041 shares of the construction company’s stock worth $448,000 after purchasing an additional 62 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EME opened at $456.92 on Thursday. EMCOR Group, Inc. has a 12 month low of $232.92 and a 12 month high of $545.29. The stock has a market capitalization of $21.02 billion, a P/E ratio of 23.21 and a beta of 1.11. The business has a 50 day simple moving average of $479.39 and a 200-day simple moving average of $440.98.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EME. Stifel Nicolaus began coverage on shares of 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 initiated coverage on 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 upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, 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 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $518.75.

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.