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National Pension Service Raises Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

EMCOR Group logo with Construction background

National Pension Service grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 40.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 101,237 shares of the construction company's stock after purchasing an additional 28,937 shares during the period. National Pension Service owned about 0.22% of EMCOR Group worth $43,586,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new position in EMCOR Group during the 1st quarter valued at $208,000. Central Pacific Bank Trust Division bought a new stake in EMCOR Group during the first quarter worth $142,000. Chevy Chase Trust Holdings LLC boosted its position in EMCOR Group by 6.9% in the first quarter. Chevy Chase Trust Holdings LLC now owns 1,251 shares of the construction company's stock worth $438,000 after purchasing an additional 81 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in EMCOR Group by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 41,172 shares of the construction company's stock valued at $14,418,000 after purchasing an additional 533 shares during the period. Finally, Manchester Capital Management LLC increased its position in shares of EMCOR Group by 1,326.6% during the 1st quarter. Manchester Capital Management LLC now owns 913 shares of the construction company's stock valued at $320,000 after purchasing an additional 849 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EMCOR Group stock traded up $2.60 during mid-day trading on Thursday, hitting $504.48. The company's stock had a trading volume of 796,549 shares, compared to its average volume of 432,536. The business has a 50 day moving average price of $424.70 and a 200-day moving average price of $389.82. EMCOR Group, Inc. has a 12 month low of $207.31 and a 12 month high of $509.46. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 25.53 and a beta of 1.07.

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, beating analysts' consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 earnings per share. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed 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 was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

Analyst Upgrades and Downgrades

A number of 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. DA Davidson raised 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.

Read Our Latest Stock Analysis on EMCOR Group

EMCOR Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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