McAdam LLC Decreases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

McAdam LLC lessened its position in shares of EMCOR Group, Inc. (NYSE:EME) by 28.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,571 shares of the construction company’s stock after selling 615 shares during the quarter. McAdam LLC’s holdings in EMCOR Group were worth $713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EME. Greenleaf Trust boosted its holdings in EMCOR Group by 3.9% in the fourth quarter. Greenleaf Trust now owns 975 shares of the construction company’s stock worth $443,000 after acquiring an additional 37 shares in the last quarter. Spire Wealth Management boosted its stake in EMCOR Group by 52.9% in the 4th quarter. Spire Wealth Management now owns 3,906 shares of the construction company’s stock worth $1,773,000 after purchasing an additional 1,352 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in EMCOR Group during the 4th quarter worth approximately $229,000. Precision Wealth Strategies LLC increased its stake in EMCOR Group by 13.0% during the 4th quarter. Precision Wealth Strategies LLC now owns 1,234 shares of the construction company’s stock valued at $560,000 after purchasing an additional 142 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of EMCOR Group in the fourth quarter worth $7,091,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EME shares. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Down 0.0 %

Shares of EME stock opened at $448.52 on Monday. The stock has a market cap of $20.63 billion, a PE ratio of 22.78 and a beta of 1.12. EMCOR Group, Inc. has a 52-week low of $226.99 and a 52-week high of $545.29. The business has a 50-day simple moving average of $483.05 and a 200-day simple moving average of $439.71.

EMCOR Group (NYSE:EME) last released its quarterly earnings data 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 analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Thursday, January 16th. 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.