New Age Alpha Advisors LLC Purchases Shares of 7,424 EMCOR Group, Inc. (NYSE:EME)

New Age Alpha Advisors LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,424 shares of the construction company's stock, valued at approximately $3,370,000.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its stake in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after purchasing an additional 104 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after buying an additional 25 shares in the last quarter. Private Trust Co. NA increased its holdings in EMCOR Group by 153.6% in the third quarter. Private Trust Co. NA now owns 246 shares of the construction company's stock worth $106,000 after buying an additional 149 shares during the last quarter. Finally, Whittier Trust Co. raised its position in EMCOR Group by 40.2% during the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock valued at $127,000 after acquiring an additional 80 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have commented on EME shares. Stifel Nicolaus decreased their target price on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group Stock Up 1.8 %

Shares of NYSE:EME traded up $6.68 during trading on Wednesday, reaching $382.18. The stock had a trading volume of 151,411 shares, compared to its average volume of 518,994. The stock has a fifty day simple moving average of $418.39 and a two-hundred day simple moving average of $451.53. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.29. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 19.41 and a beta of 1.14.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is currently 4.64%.

EMCOR Group declared that its board has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.26% of the company's stock.

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.