Harel Insurance Investments & Financial Services Ltd. Increases Stake in EMCOR Group, Inc. (NYSE:EME)

Harel Insurance Investments & Financial Services Ltd. lifted its position in EMCOR Group, Inc. (NYSE:EME) by 69.4% during the 4th quarter, Holdings Channel reports. The firm owned 14,918 shares of the construction company’s stock after acquiring an additional 6,111 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in EMCOR Group were worth $6,771,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in EMCOR Group in the 3rd quarter worth $33,000. Anchor Investment Management LLC boosted its holdings in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC raised its position in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in EMCOR Group in the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $55,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 0.0 %

Shares of EME opened at $531.64 on Friday. The stock has a market cap of $24.46 billion, a P/E ratio of 27.00 and a beta of 1.12. The business’s 50 day moving average price is $490.19 and its 200-day moving average price is $436.48. EMCOR Group, Inc. has a 52 week low of $220.45 and a 52 week high of $545.29.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.61 earnings per share. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Wall Street Analyst Weigh In

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

EMCOR Group 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.