Lindenwold Advisors INC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Lindenwold Advisors INC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,061 shares of the construction company's stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Matrix Trust Co bought a new stake in EMCOR Group during the 2nd quarter worth approximately $26,000. Proffitt & Goodson Inc. acquired a new position in EMCOR Group during the 2nd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter worth about $33,000. Innealta Capital LLC acquired a new stake in EMCOR Group in the 2nd quarter valued at about $29,000. Finally, ORG Partners LLC bought a new position in shares of EMCOR Group in the second quarter worth about $31,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday. They issued a "buy" rating and a $600.00 price target on the stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $13.15 on Tuesday, hitting $514.00. 447,927 shares of the company's stock traded hands, compared to its average volume of 434,942. The firm's 50-day moving average price is $446.58 and its two-hundred day moving average price is $398.95. The stock has a market capitalization of $23.64 billion, a PE ratio of 26.10 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm earned $3.61 EPS. EMCOR Group's quarterly revenue was up 15.3% compared to the same quarter last year. On average, analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. EMCOR Group's dividend payout ratio (DPR) is currently 5.08%.

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.