732 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Encompass More Asset Management

Encompass More Asset Management bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, HoldingsChannel reports. The firm bought 732 shares of the construction company’s stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds have also modified their holdings of EME. Caprock Group LLC boosted its position in shares of EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of EMCOR Group by 13.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock valued at $101,000 after acquiring an additional 27 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of EMCOR Group by 3.8% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock valued at $357,000 after acquiring an additional 30 shares during the last quarter. Mount Lucas Management LP grew its stake in shares of EMCOR Group by 2.5% in the third quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after acquiring an additional 34 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock valued at $587,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

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

EMCOR Group Trading Up 0.4 %

EME opened at $510.12 on Friday. The firm’s 50 day simple moving average is $466.32 and its two-hundred day simple moving average is $407.44. The company has a market capitalization of $23.47 billion, a PE ratio of 25.91 and a beta of 1.07. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38.

EMCOR Group (NYSE:EME) last announced its 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 period last year, the firm earned $3.61 EPS. EMCOR Group’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 presently 5.08%.

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.