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

Mutual of America Capital Management LLC lowered its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 39,019 shares of the construction company's stock after selling 1,824 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of EMCOR Group worth $16,799,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Burgundy Asset Management Ltd. boosted its position in EMCOR Group by 1.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 691,381 shares of the construction company's stock valued at $242,122,000 after buying an additional 11,479 shares during the period. Acadian Asset Management LLC raised its stake in shares of EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock valued at $192,028,000 after acquiring an additional 134,575 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of EMCOR Group by 27.5% during the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of EMCOR Group by 4.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock worth $152,427,000 after purchasing an additional 14,447 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in EMCOR Group by 3.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 265,485 shares of the construction company's stock valued at $114,299,000 after purchasing an additional 9,755 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on EME. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday. They issued a "buy" rating and a $600.00 price objective for the company. DA Davidson boosted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th.

EMCOR Group Stock Up 0.2 %

Shares of NYSE:EME traded up $0.75 during trading on Friday, hitting $498.86. The stock had a trading volume of 436,785 shares, compared to its average volume of 433,739. The company has a market capitalization of $22.95 billion, a PE ratio of 25.34 and a beta of 1.07. The firm's fifty day moving average is $443.84 and its 200 day moving average is $397.63. 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 posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.61 earnings per share. Equities research analysts expect that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. 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.