EMCOR Group, Inc. (NYSE:EME) Shares Bought by True Wealth Design LLC

True Wealth Design LLC raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3,466.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107 shares of the construction company’s stock after purchasing an additional 104 shares during the quarter. True Wealth Design LLC’s holdings in EMCOR Group were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Encompass More Asset Management purchased a new position in EMCOR Group in the 3rd quarter worth $315,000. Edgestream Partners L.P. acquired a new position in shares of EMCOR Group in the third quarter valued at about $3,354,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after purchasing an additional 88,074 shares during the period. Verition Fund Management LLC increased its holdings in shares of EMCOR Group by 390.2% in the third quarter. Verition Fund Management LLC now owns 15,623 shares of the construction company’s stock valued at $6,726,000 after purchasing an additional 12,436 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of EMCOR Group by 14.2% during the third quarter. Captrust Financial Advisors now owns 5,670 shares of the construction company’s stock worth $2,441,000 after purchasing an additional 703 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Price Performance

Shares of NYSE EME opened at $510.12 on Monday. The stock has a market capitalization of $23.47 billion, a price-to-earnings ratio of 25.91 and a beta of 1.07. The firm’s 50 day simple moving average is $466.32 and its 200-day simple moving average is $407.59. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38.

EMCOR Group (NYSE:EME) last released its quarterly 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. The company had revenue of $3.70 billion for 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 firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $3.61 earnings per share. Analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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