Thrivent Financial for Lutherans Sells 14,426 Shares of EMCOR Group, Inc. (NYSE:EME)

Thrivent Financial for Lutherans reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,167 shares of the construction company's stock after selling 14,426 shares during the period. Thrivent Financial for Lutherans owned 0.12% of EMCOR Group worth $24,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blair William & Co. IL lifted its holdings in EMCOR Group by 30.8% in the 1st quarter. Blair William & Co. IL now owns 1,541 shares of the construction company's stock valued at $540,000 after acquiring an additional 363 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in EMCOR Group by 20.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,643 shares of the construction company's stock worth $11,437,000 after buying an additional 5,633 shares during the last quarter. Pitcairn Co. bought a new position in shares of EMCOR Group in the first quarter valued at $789,000. Delap Wealth Advisory LLC bought a new stake in shares of EMCOR Group during the 1st quarter worth $204,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of EMCOR Group in the 1st quarter worth $330,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Up 0.3 %

EME traded up $1.79 during trading on Wednesday, reaching $515.79. 341,636 shares of the company's stock were exchanged, compared to its average volume of 434,532. The company has a market capitalization of $23.73 billion, a P/E ratio of 26.10 and a beta of 1.07. The business has a 50 day moving average price of $449.43 and a 200 day moving average price of $400.01. 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 posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion during 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 business posted $3.61 earnings per share. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group's dividend payout ratio is 5.08%.

Analyst Upgrades and Downgrades

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

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.