EMCOR Group, Inc. (NYSE:EME) Stock Position Raised by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3,510.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 686 shares of the construction company's stock after buying an additional 667 shares during the period. Wolff Wiese Magana LLC's holdings in EMCOR Group were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group in the 3rd quarter worth about $33,000. Anchor Investment Management LLC lifted its position in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC grew its stake in EMCOR Group by 3,466.7% during the third 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. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group in the third quarter worth $49,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of EMCOR Group in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price target for the company. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price on the stock. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price on the stock. 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. According to MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

EMCOR Group Price Performance

EME traded up $9.84 on Wednesday, reaching $502.75. The company's stock had a trading volume of 440,340 shares, compared to its average volume of 386,670. EMCOR Group, Inc. has a 1 year low of $217.08 and a 1 year high of $532.38. The business's 50 day moving average is $488.17 and its 200 day moving average is $428.77. The stock has a market cap of $23.13 billion, a price-to-earnings ratio of 25.53 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.61 earnings per share. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued 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 dividend yield of 0.20%. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

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.