Empowered Funds LLC Purchases 25,421 Shares of EMCOR Group, Inc. (NYSE:EME)

Empowered Funds LLC boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 183.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,265 shares of the construction company's stock after purchasing an additional 25,421 shares during the quarter. Empowered Funds LLC owned about 0.08% of EMCOR Group worth $16,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cumberland Partners Ltd grew its position in EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock worth $1,722,000 after buying an additional 1,500 shares in the last quarter. Cetera Advisors LLC raised its stake in EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company's stock valued at $2,174,000 after purchasing an additional 3,869 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock valued at $23,473,000 after purchasing an additional 34,553 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in EMCOR Group in the 1st quarter valued at about $209,000. Finally, Gulf International Bank UK Ltd acquired a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $1,405,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EME shares. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday. They issued a "buy" rating and a $600.00 price objective on the stock. DA Davidson lifted their price target on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th.

EMCOR Group Trading Up 0.1 %

EMCOR Group stock traded up $0.63 during mid-day trading on Friday, reaching $498.74. The company had a trading volume of 436,658 shares, compared to its average volume of 435,031. The business has a fifty day simple moving average of $440.92 and a 200 day simple moving average of $396.41. The company has a market cap of $22.94 billion, a P/E ratio of 25.34 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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 return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. Research analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group's dividend payout ratio is presently 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.