QRG Capital Management Inc. Buys 1,144 Shares of EMCOR Group, Inc. (NYSE:EME)

QRG Capital Management Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 63.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,947 shares of the construction company's stock after purchasing an additional 1,144 shares during the quarter. QRG Capital Management Inc.'s holdings in EMCOR Group were worth $1,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EME. Matrix Trust Co bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group in the second quarter valued at $27,000. Innealta Capital LLC purchased a new position in EMCOR Group during the 2nd quarter valued at $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group during the 2nd quarter valued at about $31,000. Finally, ORG Wealth Partners LLC bought a new position in EMCOR Group in the third quarter worth about $33,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EME. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. DA Davidson increased their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th.

EMCOR Group Trading Up 1.9 %

EME stock traded up $9.80 during midday trading on Friday, reaching $514.15. 593,427 shares of the company's stock traded hands, compared to its average volume of 320,007. The stock's 50-day moving average is $429.51 and its 200 day moving average is $391.88. The stock has a market cap of $23.65 billion, a P/E ratio of 26.11 and a beta of 1.07. EMCOR Group, Inc. has a 52-week low of $207.36 and a 52-week high of $519.10.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 earnings per share. As a group, research analysts expect that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group's dividend payout ratio is currently 5.08%.

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.