EMCOR Group, Inc. (NYSE:EME) is Navellier & Associates Inc.'s 2nd Largest Position

Navellier & Associates Inc. decreased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,076 shares of the construction company's stock after selling 3,739 shares during the quarter. EMCOR Group accounts for approximately 3.1% of Navellier & Associates Inc.'s portfolio, making the stock its 2nd largest holding. Navellier & Associates Inc. owned 0.12% of EMCOR Group worth $25,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in shares of EMCOR Group by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock valued at $353,000 after buying an additional 19 shares during the period. Adirondack Trust Co. grew its holdings in EMCOR Group by 5.0% during the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company's stock worth $191,000 after acquiring an additional 20 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock worth $521,000 after buying an additional 21 shares during the last quarter. Caprock Group LLC grew its stake in EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company's stock worth $2,513,000 after buying an additional 22 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 5.8 %

Shares of EMCOR Group stock traded up $22.89 during trading hours on Wednesday, reaching $420.92. 881,363 shares of the company's stock were exchanged, compared to its average volume of 510,437. EMCOR Group, Inc. has a 52-week low of $272.29 and a 52-week high of $545.29. The company has a fifty day moving average of $461.63 and a 200-day moving average of $448.68. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 21.38 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. EMCOR Group's dividend payout ratio is presently 5.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EME. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "buy" rating and a $600.00 price target for the company. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price of $518.75.

EMCOR Group Company 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.