681 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by RDA Financial Network

RDA Financial Network bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 681 shares of the construction company’s stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC increased its holdings in EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of EMCOR Group by 13.0% in the third quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after purchasing an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its position in shares of EMCOR Group by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock valued at $357,000 after purchasing an additional 30 shares during the period. Fortem Financial Group LLC lifted its stake in shares of EMCOR Group by 0.5% during the 4th quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock valued at $3,167,000 after buying an additional 32 shares in the last quarter. Finally, Mount Lucas Management LP boosted its holdings in EMCOR Group by 2.5% in the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after buying an additional 34 shares during the period. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EME shares. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus started 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 raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

NYSE:EME opened at $507.12 on Friday. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 25.75 and a beta of 1.12. The stock has a fifty day moving average of $488.17 and a 200 day moving average of $430.88. EMCOR Group, Inc. has a 52-week low of $217.22 and a 52-week high of $532.38.

EMCOR Group (NYSE:EME) last issued 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 company had revenue of $3.70 billion during 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%. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.61 earnings per share. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.