EMCOR Group, Inc. (NYSE:EME) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 265,485 shares of the construction company's stock after buying an additional 9,755 shares during the period. EMCOR Group accounts for approximately 1.7% of TimesSquare Capital Management LLC's holdings, making the stock its 5th biggest position. TimesSquare Capital Management LLC owned about 0.57% of EMCOR Group worth $114,299,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Matrix Trust Co bought a new stake in EMCOR Group in the 2nd quarter valued at $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new stake in EMCOR Group in the 2nd quarter valued at $29,000. ORG Partners LLC bought a new stake in EMCOR Group in the 2nd quarter valued at $31,000. Finally, ORG Wealth Partners LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $33,000. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

EME has been the subject of a number of research reports. DA Davidson increased their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th.

EMCOR Group Stock Performance

Shares of EME stock traded up $9.80 during mid-day trading on Friday, reaching $514.15. The company's stock had a trading volume of 593,427 shares, compared to its average volume of 320,007. EMCOR Group, Inc. has a 1-year low of $207.36 and a 1-year high of $519.10. The company has a market cap of $23.65 billion, a P/E ratio of 26.11 and a beta of 1.07. The firm's 50-day moving average is $429.51 and its two-hundred day moving average is $392.63.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the prior year, the company posted $3.61 EPS. The business's revenue was up 15.3% on a year-over-year basis. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) 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.