Benjamin Edwards Inc. Purchases 1,817 Shares of EMCOR Group, Inc. (NYSE:EME)

Benjamin Edwards Inc. increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 168.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,898 shares of the construction company's stock after acquiring an additional 1,817 shares during the quarter. Benjamin Edwards Inc.'s holdings in EMCOR Group were worth $1,248,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Proffitt & Goodson Inc. bought a new position in shares of EMCOR Group during the 2nd quarter worth about $27,000. ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the third quarter valued at approximately $33,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group during the second quarter valued at approximately $29,000. ORG Partners LLC acquired a new position in shares of EMCOR Group during the second quarter worth approximately $31,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

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

EMCOR Group Stock Down 0.9 %

EME stock traded down $4.49 during trading on Friday, reaching $509.03. The stock had a trading volume of 301,646 shares, compared to its average volume of 433,126. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $532.38. The company's 50 day moving average is $472.52 and its two-hundred day moving average is $410.88. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 25.85 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business posted $3.61 earnings per share. EMCOR Group's revenue was up 15.3% on a year-over-year basis. As a group, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. 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.