Landscape Capital Management L.L.C. Buys Shares of 1,357 EMCOR Group, Inc. (NYSE:EME)

Landscape Capital Management L.L.C. purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,357 shares of the construction company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Matrix Trust Co acquired a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $26,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group during the second quarter worth $27,000. Innealta Capital LLC acquired a new position in EMCOR Group during the second quarter worth $29,000. ORG Partners LLC purchased a new stake in EMCOR Group during the second quarter worth $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the third quarter valued at $33,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. 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 price target on the stock. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday. They set a “buy” rating and a $600.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday. They issued a “sell” rating and a $445.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Performance

Shares of EME opened at $504.92 on Friday. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The company has a market capitalization of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07. The company’s 50 day simple moving average is $457.00 and its 200 day simple moving average is $402.62.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $3.61 EPS. The company’s revenue was up 15.3% on a year-over-year basis. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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