EMCOR Group, Inc. (NYSE:EME) Short Interest Up 12.9% in December

EMCOR Group, Inc. (NYSE:EME - Get Free Report) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 490,200 shares, a growth of 12.9% from the December 15th total of 434,000 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 377,200 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of EMCOR Group

A number of institutional investors have recently bought and sold shares of EME. ORG Wealth Partners LLC acquired a new position in EMCOR Group in the third quarter valued at about $33,000. Anchor Investment Management LLC grew its stake in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC increased its stake in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after purchasing an additional 104 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in EMCOR Group during the third quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

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

EMCOR Group Price Performance

Shares of NYSE EME traded down $3.88 during midday trading on Friday, hitting $507.12. The stock had a trading volume of 375,221 shares, compared to its average volume of 305,268. The firm has a market cap of $23.33 billion, a P/E ratio of 25.75 and a beta of 1.12. EMCOR Group has a fifty-two week low of $217.22 and a fifty-two week high of $532.38. The company's 50-day simple moving average is $488.17 and its 200 day simple moving average is $431.82.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.77 billion. During the same period last year, the company earned $3.61 earnings per share. The company's revenue was up 15.3% on a year-over-year basis. Equities analysts expect that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.20%. 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.