EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 490,200 shares, a growth of 12.9% from the December 15th total of 434,000 shares. Based on an average trading volume of 377,200 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of EMCOR Group

Several institutional investors have recently added to or reduced their stakes in EME. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC grew its stake in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the period. Northwest Investment Counselors LLC bought a new stake in EMCOR Group in the third quarter valued at $49,000. Finally, Prospera Private Wealth LLC bought a new stake in EMCOR Group in the third quarter valued at $55,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.8 %

Shares of NYSE:EME opened at $507.12 on Monday. EMCOR Group has a 12-month low of $217.22 and a 12-month high of $532.38. The firm has a market cap of $23.33 billion, a PE ratio of 25.75 and a beta of 1.12. The company has a fifty day simple moving average of $488.17 and a 200 day simple moving average of $431.82.

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 the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.61 earnings per share. As a group, equities research analysts forecast that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared 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. 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 dividend payout ratio is currently 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.