EMCOR Group, Inc. (NYSE:EME) Shares Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,893 shares of the construction company's stock after acquiring an additional 494 shares during the period. EMCOR Group makes up 1.9% of MinichMacGregor Wealth Management LLC's portfolio, making the stock its 19th largest holding. MinichMacGregor Wealth Management LLC's holdings in EMCOR Group were worth $9,029,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EME. State Street Corp raised its position in shares of EMCOR Group by 1.5% during the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after buying an additional 24,541 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of EMCOR Group by 5.2% in the 3rd 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 lifted its position 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 buying an additional 88,909 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in EMCOR Group by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock valued at $152,427,000 after acquiring an additional 14,447 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 valued at $144,016,000 after acquiring an additional 34,226 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

NYSE EME traded down $4.42 on Thursday, reaching $531.57. 208,978 shares of the stock traded hands, compared to its average volume of 368,483. EMCOR Group, Inc. has a 12 month low of $219.07 and a 12 month high of $545.29. The company has a fifty day moving average price of $488.87 and a 200-day moving average price of $434.64. The company has a market cap of $24.45 billion, a price-to-earnings ratio of 26.95 and a beta of 1.12.

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 analysts' consensus estimates of $4.98 by $0.82. The company 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%. During the same period in the prior year, the firm earned $3.61 earnings per share. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, 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 will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group's payout ratio is 5.08%.

Wall Street Analyst Weigh In

EME has been the subject of several analyst reports. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $600.00 price objective for the company. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price for the company. One 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's stock. According to data from MarketBeat.com, the stock presently 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.