Hilton Capital Management LLC Decreases Stock Position in EMCOR Group, Inc. (NYSE:EME)

Hilton Capital Management LLC reduced its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 17.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,040 shares of the construction company's stock after selling 1,249 shares during the period. Hilton Capital Management LLC's holdings in EMCOR Group were worth $2,600,000 as of its most recent filing with the Securities & Exchange Commission.

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

EMCOR Group Stock Up 0.4 %

EME stock traded up $1.82 during mid-day trading on Wednesday, hitting $515.82. 436,756 shares of the company were exchanged, compared to its average volume of 434,955. The firm 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 fifty day simple moving average of $449.43 and a 200-day simple moving average of $400.01. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $525.31.

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, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 earnings per share. Research analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued 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 payout ratio is 5.08%.

Analysts Set New Price Targets

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

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.