Royce & Associates LP Has $2.43 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Royce & Associates LP trimmed its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 78.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,643 shares of the construction company's stock after selling 20,130 shares during the period. Royce & Associates LP's holdings in EMCOR Group were worth $2,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in EMCOR Group by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock valued at $587,000 after buying an additional 43 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of EMCOR Group by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company's stock worth $787,000 after purchasing an additional 46 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in EMCOR Group by 30.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company's stock worth $73,000 after acquiring an additional 47 shares during the period. Cooper Financial Group boosted its holdings in shares of EMCOR Group by 3.7% during the second quarter. Cooper Financial Group now owns 1,328 shares of the construction company's stock valued at $485,000 after acquiring an additional 47 shares during the period. Finally, Signaturefd LLC increased its position in EMCOR Group by 11.7% in the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company's stock valued at $202,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Down 0.4 %

EME stock traded down $2.23 during trading on Wednesday, hitting $511.77. The company had a trading volume of 115,038 shares, compared to its average volume of 433,498. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $525.31. The company has a fifty day moving average price of $449.43 and a two-hundred day moving average price of $400.01. The company has a market cap of $23.54 billion, a P/E ratio of 26.10 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The company 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 business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $3.61 EPS. On average, analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group's payout ratio is 5.08%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They set a "buy" rating and a $600.00 price objective for the company.

About EMCOR Group

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.