Mutual of America Capital Management LLC Reduces Stake in EMCOR Group, Inc. (NYSE:EME)

Mutual of America Capital Management LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,012 shares of the construction company's stock after selling 1,007 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of EMCOR Group worth $17,254,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in EME. Arkadios Wealth Advisors increased its position in shares of EMCOR Group by 14.5% during the third quarter. Arkadios Wealth Advisors now owns 631 shares of the construction company's stock worth $272,000 after purchasing an additional 80 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of EMCOR Group by 14.4% during the third quarter. First Trust Direct Indexing L.P. now owns 1,739 shares of the construction company's stock worth $749,000 after purchasing an additional 219 shares in the last quarter. SteelPeak Wealth LLC increased its position in shares of EMCOR Group by 15.5% during the third quarter. SteelPeak Wealth LLC now owns 1,160 shares of the construction company's stock worth $499,000 after purchasing an additional 156 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of EMCOR Group during the third quarter worth approximately $1,107,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of EMCOR Group during the third quarter worth approximately $214,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EME. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. Stifel Nicolaus lowered their price objective on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group Trading Down 3.2 %

NYSE EME traded down $13.18 on Monday, reaching $395.73. 560,355 shares of the company were exchanged, compared to its average volume of 517,509. EMCOR Group, Inc. has a fifty-two week low of $313.48 and a fifty-two week high of $545.29. The business's fifty day moving average price is $458.38 and its 200 day moving average price is $449.73. The stock has a market capitalization of $18.00 billion, a P/E ratio of 20.10 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

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.