Segall Bryant & Hamill LLC Has $17.27 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Segall Bryant & Hamill LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,119 shares of the construction company's stock after selling 22,682 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.09% of EMCOR Group worth $17,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its stake in shares of EMCOR Group by 30.8% in the first quarter. Blair William & Co. IL now owns 1,541 shares of the construction company's stock worth $540,000 after buying an additional 363 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of EMCOR Group by 20.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,643 shares of the construction company's stock worth $11,437,000 after purchasing an additional 5,633 shares during the period. Delap Wealth Advisory LLC bought a new position in shares of EMCOR Group in the first quarter worth about $204,000. CreativeOne Wealth LLC acquired a new position in shares of EMCOR Group during the 1st quarter worth about $330,000. Finally, Advisors Asset Management Inc. boosted its stake in EMCOR Group by 13.5% during the 1st quarter. Advisors Asset Management Inc. now owns 20,369 shares of the construction company's stock valued at $7,133,000 after purchasing an additional 2,419 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EME stock opened at $515.82 on Thursday. The stock has a market cap of $23.73 billion, a P/E ratio of 26.20 and a beta of 1.07. The stock has a fifty day moving average price of $449.43 and a 200 day moving average price of $400.01. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31.

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

EMCOR Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a "buy" rating and a $600.00 target price on the stock. Finally, DA Davidson raised their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th.

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.