Mutual of America Capital Management LLC Reduces Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Mutual of America Capital Management LLC cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,019 shares of the construction company’s stock after selling 1,824 shares during the quarter. Mutual of America Capital Management LLC’s holdings in EMCOR Group were worth $16,799,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Matrix Trust Co purchased a new stake in shares of EMCOR Group in the second quarter valued at about $26,000. Proffitt & Goodson Inc. acquired a new position in shares of EMCOR Group during the 2nd quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at approximately $33,000. Innealta Capital LLC acquired a new stake in EMCOR Group during the 2nd quarter valued at $29,000. Finally, ORG Partners LLC purchased a new position in EMCOR Group during the second quarter worth $31,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of EME opened at $498.86 on Friday. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $525.31. The company has a market capitalization of $22.95 billion, a PE ratio of 25.34 and a beta of 1.07. The stock has a fifty day moving average of $443.84 and a two-hundred day moving average of $397.35.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EME. DA Davidson upped their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

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.