Hennessy Advisors Inc. Has $12.94 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Hennessy Advisors Inc. lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 84.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 28,500 shares of the construction company’s stock after selling 154,400 shares during the period. Hennessy Advisors Inc. owned 0.06% of EMCOR Group worth $12,936,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC lifted its holdings in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. True Wealth Design LLC boosted its position in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group in the third quarter valued at $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group in the third quarter valued at $55,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on EME. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. Northcoast Research assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Trading Up 1.8 %

NYSE EME opened at $511.21 on Friday. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 25.96 and a beta of 1.12. The company has a 50 day moving average of $488.31 and a 200-day moving average of $429.85. EMCOR Group, Inc. has a 1-year low of $217.22 and a 1-year high of $532.38.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business earned $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s payout ratio is presently 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.