USA Financial Formulas Buys Shares of 585 EMCOR Group, Inc. (NYSE:EME)

USA Financial Formulas acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 585 shares of the construction company's stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group in the third quarter valued at about $33,000. Anchor Investment Management LLC grew its holdings in EMCOR Group by 89.3% during the 2nd 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 EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after acquiring an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of EMCOR Group in the third quarter valued at $55,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 1.0 %

Shares of EME traded down $5.02 during trading hours on Friday, reaching $505.97. 198,087 shares of the company traded hands, compared to its average volume of 362,009. The stock's fifty day moving average price is $488.31 and its 200 day moving average price is $429.85. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of 25.72 and a beta of 1.12. EMCOR Group, Inc. has a 12-month low of $217.22 and a 12-month high of $532.38.

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 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 business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm earned $3.61 EPS. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date is Thursday, January 16th. EMCOR Group's payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EME. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 price target for the company. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and an average 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.