Victory Capital Management Inc. Has $53.69 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Victory Capital Management Inc. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 91.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,704 shares of the construction company's stock after purchasing an additional 59,546 shares during the quarter. Victory Capital Management Inc. owned approximately 0.27% of EMCOR Group worth $53,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Acadian Asset Management LLC boosted its position in shares of EMCOR Group by 55.6% during the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company's stock worth $137,074,000 after purchasing an additional 139,919 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of EMCOR Group by 155.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock valued at $75,668,000 after buying an additional 126,148 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock valued at $85,246,000 after acquiring an additional 116,300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in EMCOR Group by 971.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock worth $36,978,000 after buying an additional 91,837 shares during the period. Finally, AQR Capital Management LLC increased its position in EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after buying an additional 88,909 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EME. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday. They set a "buy" rating and a $600.00 target price for the company. DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Finally, StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th.

EMCOR Group Stock Performance

NYSE EME traded up $6.53 during trading hours on Friday, hitting $504.64. 192,453 shares of the company traded hands, compared to its average volume of 433,840. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 25.31 and a beta of 1.07. The business's 50-day moving average is $438.03 and its 200-day moving average is $395.70.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data 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 return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $3.61 EPS. The company's revenue was up 15.3% on a year-over-year basis. Analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.20%. EMCOR Group's dividend payout ratio is currently 5.08%.

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.