Aptus Capital Advisors LLC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Aptus Capital Advisors LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 556 shares of the construction company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in EMCOR Group in the 2nd quarter worth $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group during the 2nd quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in EMCOR Group in the 2nd quarter worth approximately $29,000. ORG Partners LLC bought a new position in EMCOR Group in the 2nd quarter worth approximately $31,000. Finally, ORG Wealth Partners LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at approximately $33,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EME. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 target price for the company. DA Davidson increased their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Stock Performance

Shares of EME opened at $498.86 on Friday. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $525.31. The company’s fifty day moving average is $443.84 and its 200 day moving average is $397.35. The stock has a market capitalization of $22.95 billion, a PE ratio of 25.34 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.61 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

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