Leeward Investments LLC MA Sells 47,464 Shares of EMCOR Group, Inc. (NYSE:EME)

Leeward Investments LLC MA lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 73.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,277 shares of the construction company's stock after selling 47,464 shares during the period. Leeward Investments LLC MA's holdings in EMCOR Group were worth $7,438,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC raised its position in EMCOR Group by 55.6% during the first quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company's stock valued at $137,074,000 after purchasing an additional 139,919 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of EMCOR Group by 155.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock valued at $75,668,000 after buying an additional 126,148 shares in the last quarter. Renaissance Technologies LLC lifted its position in EMCOR Group by 99.2% in the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock worth $85,246,000 after buying an additional 116,300 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in EMCOR Group by 971.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock worth $36,978,000 after buying an additional 91,837 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in EMCOR Group by 27.5% during the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock valued at $150,553,000 after acquiring an additional 88,909 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EME shares. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson lifted their price objective 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 Stock Up 2.5 %

Shares of EMCOR Group stock traded up $12.80 on Friday, hitting $517.15. The stock had a trading volume of 350,961 shares, compared to its average volume of 432,163. EMCOR Group, Inc. has a one year low of $207.36 and a one year high of $517.52. The stock's 50-day simple moving average is $427.08 and its two-hundred day simple moving average is $390.62. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 26.07 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly 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. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given 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 of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio is 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.