Thrivent Financial for Lutherans Cuts Position in EMCOR Group, Inc. (NYSE:EME)

Thrivent Financial for Lutherans lowered its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,269 shares of the construction company's stock after selling 12,898 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of EMCOR Group worth $19,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Koshinski Asset Management Inc. grew its holdings in shares of EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after purchasing an additional 26 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in EMCOR Group by 3,510.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock valued at $311,000 after buying an additional 667 shares during the period. Independent Advisor Alliance grew its stake in shares of EMCOR Group by 25.0% during the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock valued at $2,261,000 after buying an additional 1,049 shares during the last quarter. PFW Advisors LLC purchased a new position in shares of EMCOR Group in the fourth quarter worth about $689,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of EMCOR Group by 46.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company's stock valued at $28,874,000 after acquiring an additional 21,385 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have commented on EME shares. Stifel Nicolaus decreased their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and an average target price of $497.25.

Insiders Place Their Bets

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Trading Down 0.3 %

NYSE EME traded down $1.20 on Tuesday, hitting $411.65. The company's stock had a trading volume of 359,373 shares, compared to its average volume of 432,698. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The firm has a market cap of $18.72 billion, a P/E ratio of 20.91 and a beta of 1.14. The company's 50-day simple moving average is $433.40 and its 200 day simple moving average is $451.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's payout ratio is currently 4.64%.

EMCOR Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

About EMCOR Group

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.