Semanteon Capital Management LP Takes $1.23 Million Position in EMCOR Group, Inc. (NYSE:EME)

Semanteon Capital Management LP acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,847 shares of the construction company's stock, valued at approximately $1,226,000. EMCOR Group comprises about 0.8% of Semanteon Capital Management LP's holdings, making the stock its 8th largest position.

Several other hedge funds have also added to or reduced their stakes in EME. Matrix Trust Co bought a new stake in EMCOR Group during the second quarter worth $26,000. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of EMCOR Group during the 2nd quarter worth about $29,000. ORG Partners LLC acquired a new stake in EMCOR Group in the second quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

EMCOR Group stock traded up $3.38 during trading hours on Monday, reaching $431.96. The stock had a trading volume of 359,441 shares, compared to its average volume of 430,131. The company has a fifty day simple moving average of $411.96 and a 200-day simple moving average of $383.84. The stock has a market cap of $20.30 billion, a PE ratio of 28.49 and a beta of 1.07. EMCOR Group, Inc. has a 52 week low of $203.57 and a 52 week high of $456.16.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping analysts' consensus estimates of $3.76 by $1.49. The business had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. Research analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is presently 6.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson upped their target price on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th.

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.