Forte Capital LLC ADV Has $471,000 Stock Position in EMCOR Group, Inc. (NYSE:EME)

Forte Capital LLC ADV grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 23.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,095 shares of the construction company’s stock after purchasing an additional 207 shares during the period. Forte Capital LLC ADV’s holdings in EMCOR Group were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC increased its stake in EMCOR Group by 1.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,697 shares of the construction company’s stock valued at $5,897,000 after buying an additional 261 shares during the last quarter. Marks Group Wealth Management Inc increased its position in shares of EMCOR Group by 2.6% in the third quarter. Marks Group Wealth Management Inc now owns 23,612 shares of the construction company’s stock valued at $10,166,000 after acquiring an additional 604 shares during the last quarter. MinichMacGregor Wealth Management LLC bought a new stake in EMCOR Group during the third quarter worth about $8,352,000. Geneva Partners LLC acquired a new position in EMCOR Group during the third quarter valued at approximately $1,682,000. Finally, QRG Capital Management Inc. grew its stake in EMCOR Group by 63.4% in the third quarter. QRG Capital Management Inc. now owns 2,947 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 1,144 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.5 %

EME opened at $504.48 on Friday. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 25.62 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $207.31 and a 12-month high of $509.46. The business has a 50 day moving average of $427.08 and a 200-day moving average of $390.62.

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 analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.61 earnings per share. As a group, analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

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.