Executive Wealth Management LLC Takes $3.15 Million Position in EMCOR Group, Inc. (NYSE:EME)

Executive Wealth Management LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,313 shares of the construction company's stock, valued at approximately $3,148,000.

A number of other institutional investors have also recently added to or reduced their stakes in EME. Matrix Trust Co acquired a new stake in shares of EMCOR Group in the second quarter valued at about $26,000. Proffitt & Goodson Inc. purchased a new stake in shares of EMCOR Group in the second quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in shares of EMCOR Group in the second quarter valued at approximately $29,000. ORG Partners LLC purchased a new position in EMCOR Group during the second quarter worth approximately $31,000. Finally, ORG Wealth Partners LLC acquired a new position in EMCOR Group during the third quarter worth $33,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on EME shares. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson lifted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, July 26th.

EMCOR Group Trading Up 1.9 %

EMCOR Group stock traded up $9.80 during mid-day trading on Friday, hitting $514.15. The company's stock had a trading volume of 593,427 shares, compared to its average volume of 320,007. EMCOR Group, Inc. has a 1 year low of $207.36 and a 1 year high of $519.10. The firm has a market capitalization of $23.65 billion, a PE ratio of 26.11 and a beta of 1.07. The stock's fifty day moving average is $429.51 and its two-hundred day moving average is $391.88.

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

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a $0.25 dividend. 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%.

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.