EMCOR Group, Inc. (NYSE:EME) Stock Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,093 shares of the construction company's stock after buying an additional 935 shares during the period. Oppenheimer & Co. Inc.'s holdings in EMCOR Group were worth $4,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. True Wealth Design LLC raised its position 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 worth $46,000 after acquiring an additional 104 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after purchasing an additional 94 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in EMCOR Group during the third quarter worth about $55,000. Harbor Capital Advisors Inc. acquired a new stake in EMCOR Group during the 3rd quarter valued at $62,000. Finally, Rakuten Securities Inc. lifted its holdings in EMCOR Group by 4,025.0% in the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company's stock valued at $71,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded down $13.18 during trading on Monday, reaching $395.73. The company had a trading volume of 560,355 shares, compared to its average volume of 517,509. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 20.10 and a beta of 1.11. EMCOR Group, Inc. has a fifty-two week low of $313.48 and a fifty-two week high of $545.29. The firm's fifty day moving average is $458.38 and its 200-day moving average is $449.73.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.81 billion. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. EMCOR Group's dividend payout ratio is currently 4.64%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EME shares. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research note on Thursday. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target on the stock. Finally, Northcoast Research began coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

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.