Crossmark Global Holdings Inc. Purchases 723 Shares of EMCOR Group, Inc. (NYSE:EME)

Crossmark Global Holdings Inc. boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,943 shares of the construction company's stock after acquiring an additional 723 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in EMCOR Group were worth $3,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group in the 3rd quarter valued at approximately $33,000. Anchor Investment Management LLC raised its position in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC raised its position in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of EMCOR Group in the third quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC bought a new position in shares of EMCOR Group in the third quarter valued at approximately $55,000. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EME. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price on the stock. Stifel Nicolaus assumed coverage on EMCOR Group in a research 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 report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price on the stock. Finally, StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Stock Performance

Shares of NYSE EME traded down $4.42 during midday trading on Thursday, reaching $531.57. 364,986 shares of the company traded hands, compared to its average volume of 380,935. EMCOR Group, Inc. has a 12 month low of $219.07 and a 12 month high of $545.29. The firm has a market cap of $24.45 billion, a PE ratio of 27.00 and a beta of 1.12. The stock's 50-day simple moving average is $488.87 and its 200-day simple moving average is $434.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company 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 business earned $3.61 earnings per share. EMCOR Group's quarterly revenue was up 15.3% on a year-over-year basis. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group's payout ratio is 5.08%.

EMCOR Group Company 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.