Little House Capital LLC Raises Holdings in EMCOR Group, Inc. (NYSE:EME)

Little House Capital LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 206.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,589 shares of the construction company’s stock after buying an additional 3,093 shares during the quarter. Little House Capital LLC’s holdings in EMCOR Group were worth $1,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in EMCOR Group by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock worth $152,427,000 after purchasing an additional 14,447 shares in the last quarter. Vest Financial LLC grew its stake in shares of EMCOR Group by 16.8% in the third quarter. Vest Financial LLC now owns 3,449 shares of the construction company’s stock valued at $1,485,000 after buying an additional 497 shares in the last quarter. Warren Street Wealth Advisors LLC purchased a new stake in EMCOR Group during the 3rd quarter worth about $227,000. Kirr Marbach & Co. LLC IN increased its holdings in EMCOR Group by 0.3% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 71,539 shares of the construction company’s stock worth $30,800,000 after purchasing an additional 183 shares during the period. Finally, Claro Advisors LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth about $433,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

EMCOR Group Stock Down 0.2 %

Shares of EMCOR Group stock traded down $1.06 on Monday, hitting $452.68. 78,789 shares of the company traded hands, compared to its average volume of 432,547. The company has a 50-day moving average price of $403.92 and a 200 day moving average price of $380.76. EMCOR Group, Inc. has a 12-month low of $191.50 and a 12-month high of $456.16. The company has a market cap of $21.27 billion, a PE ratio of 29.93 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the business earned $2.95 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts anticipate that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group’s payout ratio is presently 6.60%.

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.