Inspire Investing LLC Has $6.37 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Inspire Investing LLC decreased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,040 shares of the construction company's stock after selling 580 shares during the period. EMCOR Group comprises 0.7% of Inspire Investing LLC's portfolio, making the stock its 21st largest holding. Inspire Investing LLC's holdings in EMCOR Group were worth $6,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EME. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group during the 3rd quarter worth $33,000. Anchor Investment Management LLC lifted its position in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after buying an additional 50 shares during the period. True Wealth Design LLC boosted its stake in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at about $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group during the 3rd quarter valued at about $55,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports 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. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "buy" rating and a $600.00 price target for the company. Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Trading Down 0.8 %

EMCOR Group stock traded down $4.42 during mid-day trading on Thursday, reaching $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 business has a 50 day moving average price of $488.87 and a 200-day moving average price of $434.64. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12.

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, beating the consensus estimate of $4.98 by $0.82. The business 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 quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.61 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's payout ratio is currently 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.