Heritage Investors Management Corp Reduces Stock Position in EMCOR Group, Inc. (NYSE:EME)

Heritage Investors Management Corp lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,683 shares of the construction company’s stock after selling 322 shares during the period. Heritage Investors Management Corp’s holdings in EMCOR Group were worth $3,308,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its position in EMCOR Group by 8.1% during the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after buying an additional 34 shares during the period. Miller Howard Investments Inc. NY boosted its stake in shares of EMCOR Group by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after purchasing an additional 46 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in EMCOR Group by 30.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after acquiring an additional 47 shares in the last quarter. Cooper Financial Group boosted its stake in EMCOR Group by 3.7% during the second quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock worth $485,000 after acquiring an additional 47 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in EMCOR Group by 11.7% during the third quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock worth $202,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EME. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson boosted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

EMCOR Group Trading Up 3.1 %

Shares of EME stock opened at $476.01 on Wednesday. EMCOR Group, Inc. has a 12 month low of $206.37 and a 12 month high of $476.50. The stock has a market cap of $22.21 billion, a P/E ratio of 24.18 and a beta of 1.07. The company has a 50 day simple moving average of $422.24 and a two-hundred day simple moving average of $389.03.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results 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. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.61 earnings per share. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group’s 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.