GHP Investment Advisors Inc. Sells 1,221 Shares of EMCOR Group, Inc. (NYSE:EME)

GHP Investment Advisors Inc. lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,562 shares of the construction company’s stock after selling 1,221 shares during the period. GHP Investment Advisors Inc. owned 0.08% of EMCOR Group worth $16,595,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Perigon Wealth Management LLC lifted its holdings in EMCOR Group by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares in the last quarter. Adirondack Trust Co. raised its position in shares of EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after buying an additional 21 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of EMCOR Group by 0.4% in the third 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 2.7 %

Shares of EME stock opened at $456.92 on Thursday. The company’s 50 day moving average is $479.39 and its 200 day moving average is $440.98. The firm has a market cap of $21.02 billion, a price-to-earnings ratio of 23.21 and a beta of 1.11. EMCOR Group, Inc. has a 52-week low of $232.92 and a 52-week high of $545.29.

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Northcoast Research began coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and an average target price 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.