1,830 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,830 shares of the construction company's stock, valued at approximately $831,000.

Other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $100,282,000. Nordea Investment Management AB boosted its stake in shares of EMCOR Group by 2,246.2% during the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock worth $65,036,000 after acquiring an additional 136,501 shares in the last quarter. Swedbank AB boosted its stake in shares of EMCOR Group by 399.4% during the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company's stock worth $69,648,000 after acquiring an additional 122,716 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of EMCOR Group by 45.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company's stock worth $121,871,000 after acquiring an additional 88,074 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of EMCOR Group by 21.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company's stock worth $196,500,000 after acquiring an additional 75,578 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

EME has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price target on the stock. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group Stock Performance

EME stock traded up $5.62 on Friday, reaching $408.33. The company had a trading volume of 676,820 shares, compared to its average volume of 516,408. EMCOR Group, Inc. has a 1 year low of $305.89 and a 1 year high of $545.29. The company's fifty day moving average is $458.38 and its 200 day moving average is $448.53. The company has a market cap of $18.78 billion, a P/E ratio of 20.74 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.24%. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

EMCOR Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

EMCOR Group Profile

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.