Adirondack Trust Co. Boosts Stake in EMCOR Group, Inc. (NYSE:EME)

Adirondack Trust Co. increased its stake in EMCOR Group, Inc. (NYSE:EME) by 5.0% in the 4th quarter, Holdings Channel reports. The fund owned 420 shares of the construction company’s stock after buying an additional 20 shares during the quarter. Adirondack Trust Co.’s holdings in EMCOR Group were worth $191,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at about $33,000. Anchor Investment Management LLC grew its position in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC raised its stake in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter valued at $55,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $535.70 on Thursday. EMCOR Group, Inc. has a 1 year low of $219.07 and a 1 year high of $545.30. The stock has a market capitalization of $24.64 billion, a PE ratio of 27.21 and a beta of 1.12. The business’s 50-day moving average is $488.15 and its 200 day moving average is $433.93.

EMCOR Group (NYSE:EME) last issued 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $3.61 EPS. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. EMCOR Group’s dividend payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EME. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.