EMCOR Group, Inc. (NYSE:EME) Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 29.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,829 shares of the construction company's stock after buying an additional 882 shares during the quarter. QRG Capital Management Inc.'s holdings in EMCOR Group were worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in EMCOR Group in the fourth quarter valued at $23,941,000. Oppenheimer & Co. Inc. lifted its holdings in shares of EMCOR Group by 10.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 10,093 shares of the construction company's stock valued at $4,581,000 after purchasing an additional 935 shares in the last quarter. Allegiance Financial Group Advisory Services LLC bought a new position in shares of EMCOR Group during the fourth quarter valued at about $222,000. Los Angeles Capital Management LLC boosted its position in EMCOR Group by 3.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 240,639 shares of the construction company's stock worth $109,226,000 after purchasing an additional 7,670 shares during the last quarter. Finally, Edge Capital Group LLC increased its stake in shares of EMCOR Group by 7.0% during the 4th quarter. Edge Capital Group LLC now owns 502 shares of the construction company's stock worth $228,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

EME stock traded down $13.18 during mid-day trading on Monday, reaching $395.73. 560,355 shares of the stock traded hands, compared to its average volume of 517,509. The business has a 50-day moving average price of $458.38 and a two-hundred day moving average price of $449.73. EMCOR Group, Inc. has a one year low of $313.48 and a one year high of $545.29. The stock has a market capitalization of $18.00 billion, a PE ratio of 20.10 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.81 billion. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective on the stock. Stifel Nicolaus decreased their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.