EMCOR Group, Inc. (NYSE:EME) Shares Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,893 shares of the construction company’s stock after purchasing an additional 494 shares during the period. EMCOR Group comprises 1.9% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 19th largest holding. MinichMacGregor Wealth Management LLC’s holdings in EMCOR Group were worth $9,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group during the third quarter worth about $33,000. Anchor Investment Management LLC boosted its stake in EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. True Wealth Design LLC grew its position in 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 acquired a new position in EMCOR Group during the 3rd quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of EMCOR Group in the third quarter worth $55,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 1.6 %

Shares of EME stock opened at $535.70 on Thursday. EMCOR Group, Inc. has a 52-week low of $219.07 and a 52-week high of $545.30. The stock has a market cap of $24.64 billion, a PE ratio of 27.21 and a beta of 1.12. The business has a 50-day simple moving average of $488.15 and a 200-day simple moving average of $433.93.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 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 analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share 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. Shareholders of record on Thursday, January 16th will be given 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 dividend payout ratio (DPR) is currently 5.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus started coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. One investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.