EMCOR Group, Inc. (NYSE:EME) is Corbyn Investment Management Inc. MD's 3rd Largest Position

Corbyn Investment Management Inc. MD cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,977 shares of the construction company's stock after selling 3,839 shares during the period. EMCOR Group comprises about 6.7% of Corbyn Investment Management Inc. MD's holdings, making the stock its 3rd largest holding. Corbyn Investment Management Inc. MD owned about 0.09% of EMCOR Group worth $17,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Mount Lucas Management LP lifted its position in shares of EMCOR Group by 2.5% during the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company's stock worth $598,000 after buying an additional 34 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock worth $587,000 after purchasing an additional 43 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of EMCOR Group by 0.8% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,773 shares of the construction company's stock worth $2,486,000 after purchasing an additional 45 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of EMCOR Group by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company's stock valued at $787,000 after purchasing an additional 46 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of EMCOR Group by 30.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company's stock valued at $73,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EME. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. DA Davidson upped their target price 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, Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday. They set a "buy" rating and a $600.00 price objective for the company.

EMCOR Group Stock Performance

NYSE:EME traded up $1.82 during trading hours on Monday, hitting $500.68. The company's stock had a trading volume of 230,725 shares, compared to its average volume of 434,099. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $525.31. The business's 50-day moving average is $443.84 and its two-hundred day moving average is $397.93. The company has a market capitalization of $23.03 billion, a PE ratio of 25.34 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results 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 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 revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 20.75 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. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a 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.