Executive Wealth Management LLC Buys Shares of 7,313 EMCOR Group, Inc. (NYSE:EME)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Cumberland Partners Ltd grew its stake in EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock valued at $1,722,000 after acquiring an additional 1,500 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in EMCOR Group by 173.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock valued at $23,473,000 after acquiring an additional 34,553 shares during the period. Independent Advisor Alliance grew its stake in EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock valued at $2,261,000 after acquiring an additional 1,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in EMCOR Group by 46.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company's stock valued at $28,874,000 after acquiring an additional 21,385 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new position in EMCOR Group in the 3rd quarter valued at $8,352,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded down $4.18 during trading on Tuesday, hitting $474.41. 349,334 shares of the company were exchanged, compared to its average volume of 433,342. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38. The company has a fifty day moving average price of $476.05 and a 200-day moving average price of $413.24. The firm has a market capitalization of $21.82 billion, a PE ratio of 24.09 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. The company's quarterly revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors 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 dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio is 5.08%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EME. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price objective on the stock. The Goldman Sachs Group began 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. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.