FourThought Financial LLC Buys 136 Shares of EMCOR Group, Inc. (NYSE:EME)

FourThought Financial LLC raised its stake in EMCOR Group, Inc. (NYSE:EME – Get Rating) by 27.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 633 shares of the construction company’s stock after buying an additional 136 shares during the period. FourThought Financial LLC’s holdings in EMCOR Group were worth $73,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in EMCOR Group by 3.6% in the first quarter. State Street Corp now owns 1,744,930 shares of the construction company’s stock valued at $196,531,000 after acquiring an additional 61,165 shares during the last quarter. FMR LLC lifted its position in shares of EMCOR Group by 20.9% in the 2nd quarter. FMR LLC now owns 1,176,996 shares of the construction company’s stock worth $121,183,000 after purchasing an additional 203,381 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of EMCOR Group by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,112,271 shares of the construction company’s stock worth $128,446,000 after purchasing an additional 8,159 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of EMCOR Group by 2.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,041,074 shares of the construction company’s stock worth $120,223,000 after purchasing an additional 23,080 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of EMCOR Group by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 624,020 shares of the construction company’s stock worth $70,284,000 after purchasing an additional 21,670 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE EME opened at $160.40 on Friday. The firm’s 50-day moving average price is $153.05 and its 200-day moving average price is $142.23. EMCOR Group, Inc. has a 1-year low of $95.64 and a 1-year high of $169.88. The firm has a market capitalization of $7.65 billion, a P/E ratio of 19.63 and a beta of 1.09. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.12.

EMCOR Group (NYSE:EME – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The construction company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. EMCOR Group had a net margin of 3.67% and a return on equity of 20.55%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that EMCOR Group, Inc. will post 9.13 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, January 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.37%. EMCOR Group’s dividend payout ratio is currently 7.34%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of EMCOR Group in a research report on Thursday. They issued a “strong-buy” rating on the stock. DA Davidson boosted their price target on shares of EMCOR Group from $165.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, February 24th.

Insider Activity

In other news, EVP Maxine Lum Mauricio sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $149.62, for a total transaction of $374,050.00. Following the transaction, the executive vice president now owns 26,478 shares in the company, valued at $3,961,638.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

EMCOR Group Company Profile

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EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.