Dorsey Wright & Associates Has $4.91 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Dorsey Wright & Associates decreased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,813 shares of the construction company's stock after selling 6,232 shares during the quarter. EMCOR Group makes up about 1.2% of Dorsey Wright & Associates' investment portfolio, making the stock its 28th largest position. Dorsey Wright & Associates' holdings in EMCOR Group were worth $4,908,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EME. Summit Securities Group LLC acquired a new stake in EMCOR Group in the fourth quarter worth about $45,000. True Wealth Design LLC raised its holdings in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after buying an additional 104 shares during the period. SJS Investment Consulting Inc. lifted its stake in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after buying an additional 25 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of EMCOR Group by 153.6% during the third quarter. Private Trust Co. NA now owns 246 shares of the construction company's stock worth $106,000 after acquiring an additional 149 shares during the period. Institutional investors own 92.59% of the company's stock.

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Wall Street Analysts Forecast Growth

EME has been the topic of several recent research reports. Stifel Nicolaus dropped 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, February 27th. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Stock Performance

NYSE:EME traded down $24.95 during mid-day trading on Thursday, hitting $360.00. 189,479 shares of the stock were exchanged, compared to its average volume of 453,693. The firm's 50-day simple moving average is $415.38 and its 200 day simple moving average is $451.06. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 18.28 and a beta of 1.14.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. EMCOR Group's payout ratio is presently 4.64%.

EMCOR Group announced that its board has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Activity

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

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.