967 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by HB Wealth Management LLC

HB Wealth Management LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 967 shares of the construction company's stock, valued at approximately $439,000.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in EMCOR Group by 1.5% in the third quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after acquiring an additional 24,541 shares during the last quarter. Geode Capital Management LLC raised its holdings in EMCOR Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock worth $428,313,000 after purchasing an additional 49,137 shares during the period. AQR Capital Management LLC raised its holdings in EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in EMCOR Group by 4.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock worth $152,427,000 after purchasing an additional 14,447 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in EMCOR Group by 11.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company's stock worth $144,016,000 after purchasing an additional 34,226 shares during the period. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on EME. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 target price on the stock. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price on the stock. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Price Performance

EME stock traded down $4.42 during midday trading on Thursday, hitting $531.57. The company's stock had a trading volume of 364,986 shares, compared to its average volume of 380,935. EMCOR Group, Inc. has a twelve month low of $219.07 and a twelve month high of $545.29. The company's fifty day moving average price is $488.87 and its 200 day moving average price is $434.64. The stock has a market capitalization of $24.45 billion, a P/E ratio of 27.00 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results 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. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned $3.61 EPS. The company's revenue was up 15.3% compared to the same quarter last year. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

EMCOR Group Company 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.