Toronto Dominion Bank Buys 1,387 Shares of EMCOR Group, Inc. (NYSE:EME)

Toronto Dominion Bank raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 30.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,992 shares of the construction company's stock after purchasing an additional 1,387 shares during the period. Toronto Dominion Bank's holdings in EMCOR Group were worth $2,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EME. State Street Corp increased its position in shares of EMCOR Group by 1.5% during the third quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after buying an additional 24,541 shares during the period. Geode Capital Management LLC grew its holdings in shares of EMCOR Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock worth $428,313,000 after acquiring an additional 49,137 shares during the period. Acadian Asset Management LLC raised its position in shares of EMCOR Group by 34.4% in the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock worth $192,028,000 after acquiring an additional 134,575 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock valued at $150,553,000 after purchasing an additional 88,909 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of EMCOR Group by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock valued at $152,427,000 after purchasing an additional 14,447 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

EME stock traded up $5.29 during trading on Monday, hitting $484.57. 343,352 shares of the stock traded hands, compared to its average volume of 431,050. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 24.54 and a beta of 1.09. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The firm's 50 day moving average is $478.94 and its two-hundred day moving average is $415.02.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly 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 company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.61 earnings per share. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

Analyst Upgrades and Downgrades

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

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.