Thompson Davis & CO. Inc. Sells 625 Shares of EMCOR Group, Inc. (NYSE:EME)

Thompson Davis & CO. Inc. trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 44.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 775 shares of the construction company's stock after selling 625 shares during the quarter. Thompson Davis & CO. Inc.'s holdings in EMCOR Group were worth $352,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Allianz Asset Management GmbH raised its stake in EMCOR Group by 20.2% in the 4th quarter. Allianz Asset Management GmbH now owns 219,943 shares of the construction company's stock valued at $99,832,000 after acquiring an additional 37,018 shares during the period. Forte Capital LLC ADV increased its holdings in shares of EMCOR Group by 4.0% in the fourth quarter. Forte Capital LLC ADV now owns 1,139 shares of the construction company's stock valued at $517,000 after purchasing an additional 44 shares during the last quarter. Ieq Capital LLC raised its position in shares of EMCOR Group by 836.7% in the fourth quarter. Ieq Capital LLC now owns 14,603 shares of the construction company's stock valued at $6,628,000 after purchasing an additional 13,044 shares during the period. Private Advisor Group LLC lifted its stake in shares of EMCOR Group by 198.7% during the 4th quarter. Private Advisor Group LLC now owns 2,951 shares of the construction company's stock worth $1,340,000 after buying an additional 1,963 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in shares of EMCOR Group by 28.8% during the 4th quarter. Alberta Investment Management Corp now owns 1,274 shares of the construction company's stock worth $578,000 after buying an additional 285 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 5.8 %

Shares of NYSE:EME traded up $22.89 on Wednesday, reaching $420.92. 881,363 shares of the company's stock were exchanged, compared to its average volume of 510,437. EMCOR Group, Inc. has a twelve month low of $272.29 and a twelve month high of $545.29. The company has a fifty day moving average of $461.63 and a 200-day moving average of $448.68. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 21.38 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's payout ratio is currently 5.08%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price on the stock. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $518.75.

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.