Cumberland Partners Ltd Acquires 1,500 Shares of EMCOR Group, Inc. (NYSE:EME)

Cumberland Partners Ltd increased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 60.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the construction company's stock after buying an additional 1,500 shares during the period. Cumberland Partners Ltd's holdings in EMCOR Group were worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. acquired a new stake in shares of EMCOR Group during the 1st quarter valued at about $264,000. Meeder Advisory Services Inc. purchased a new position in EMCOR Group in the 1st quarter valued at about $283,000. Headlands Technologies LLC boosted its holdings in EMCOR Group by 51.4% in the 1st quarter. Headlands Technologies LLC now owns 209 shares of the construction company's stock worth $73,000 after buying an additional 71 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in EMCOR Group during the 1st quarter worth approximately $356,000. Finally, Russell Investments Group Ltd. lifted its position in shares of EMCOR Group by 18.6% in the first quarter. Russell Investments Group Ltd. now owns 82,491 shares of the construction company's stock valued at $28,926,000 after acquiring an additional 12,932 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

NYSE:EME traded down $6.36 during midday trading on Tuesday, reaching $514.08. 450,595 shares of the company traded hands, compared to its average volume of 434,344. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31. The company has a fifty day moving average price of $432.06 and a 200 day moving average price of $393.84. The firm has a market capitalization of $23.65 billion, a price-to-earnings ratio of 26.09 and a beta of 1.07.

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 for the quarter, beating the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $3.61 earnings per share. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio is presently 5.08%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

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.