RDA Financial Network Buys New Shares in EMCOR Group, Inc. (NYSE:EME)

RDA Financial Network acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 681 shares of the construction company's stock, valued at approximately $309,000.

Other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management boosted its holdings in EMCOR Group by 1.7% in the fourth quarter. Ritholtz Wealth Management now owns 22,081 shares of the construction company's stock valued at $10,023,000 after purchasing an additional 371 shares during the period. USA Financial Formulas purchased a new stake in EMCOR Group during the fourth quarter worth approximately $266,000. Burney Co. boosted its holdings in EMCOR Group by 104.7% in the fourth quarter. Burney Co. now owns 14,867 shares of the construction company's stock valued at $6,748,000 after purchasing an additional 7,605 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock valued at $311,000 after purchasing an additional 667 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in EMCOR Group by 15.3% during the fourth quarter. Park Avenue Securities LLC now owns 5,333 shares of the construction company's stock worth $2,421,000 after purchasing an additional 706 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on EME. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price on the stock. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $518.75.

EMCOR Group Stock Down 0.8 %

NYSE EME traded down $3.88 during trading hours on Friday, hitting $507.12. 375,221 shares of the stock were exchanged, compared to its average volume of 305,268. The stock has a 50-day moving average of $488.17 and a 200 day moving average of $430.88. EMCOR Group, Inc. has a 12-month low of $217.22 and a 12-month high of $532.38. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 25.75 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. EMCOR Group's revenue was up 15.3% on a year-over-year basis. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group's dividend payout ratio is currently 5.08%.

EMCOR Group 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.