Smith Group Asset Management LLC Takes $286,000 Position in EMCOR Group, Inc. (NYSE:EME)

Smith Group Asset Management LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 630 shares of the construction company's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in EMCOR Group during the third quarter worth about $33,000. Anchor Investment Management LLC raised its position in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC raised its position in shares of EMCOR Group by 3,466.7% during the third 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 period. SJS Investment Consulting Inc. raised its position in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after purchasing an additional 94 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group during the third quarter worth about $49,000. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They set a "buy" rating and a $600.00 price target on the stock. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price on the stock. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price on the stock. Finally, StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Monday. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $518.75.

EMCOR Group Price Performance

EME stock traded up $8.76 during mid-day trading on Thursday, reaching $448.17. The company had a trading volume of 111,242 shares, compared to its average volume of 469,388. The stock has a 50 day simple moving average of $485.73 and a two-hundred day simple moving average of $438.27. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 22.76 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $226.99 and a 52 week high of $545.29.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 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 company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the company posted $3.61 EPS. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, January 16th. EMCOR Group's payout ratio is 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.