SteelPeak Wealth LLC Acquires 295 Shares of EMCOR Group, Inc. (NYSE:EME)

SteelPeak Wealth LLC lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,455 shares of the construction company’s stock after acquiring an additional 295 shares during the quarter. SteelPeak Wealth LLC’s holdings in EMCOR Group were worth $660,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Koshinski Asset Management Inc. raised its holdings in EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after acquiring an additional 26 shares during the period. Cumberland Partners Ltd increased its stake in shares of EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after purchasing an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after purchasing an additional 34,553 shares during the period. Finally, Independent Advisor Alliance grew its holdings in EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after buying an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE:EME opened at $449.31 on Friday. The company has a 50-day moving average of $485.73 and a 200-day moving average of $438.27. EMCOR Group, Inc. has a 52 week low of $226.99 and a 52 week high of $545.29. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 22.82 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced 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 net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $3.61 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $518.75.

About EMCOR Group

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.