Curated Wealth Partners LLC cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,422 shares of the construction company's stock after selling 1,636 shares during the period. Curated Wealth Partners LLC's holdings in EMCOR Group were worth $645,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in EMCOR Group during the 3rd quarter worth $33,000. Anchor Investment Management LLC grew its stake in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EMCOR Group in the 3rd quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC acquired a new stake in EMCOR Group in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 92.59% of the company's stock.
EMCOR Group Stock Performance
NYSE EME traded down $0.16 on Friday, reaching $531.64. 285,693 shares of the company's stock traded hands, compared to its average volume of 296,658. EMCOR Group, Inc. has a fifty-two week low of $220.45 and a fifty-two week high of $545.29. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. The stock has a 50 day moving average price of $490.19 and a 200-day moving average price of $436.48.
EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping 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 firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the business earned $3.61 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.
Analysts Set New Price Targets
A number of research analysts have issued reports on EME shares. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price on the stock. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price target for the company. Finally, Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $518.75.
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EMCOR Group Profile
(
Free Report)
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.
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