Thompson Davis & CO. Inc. Decreases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Thompson Davis & CO. Inc. lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 44.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 775 shares of the construction company’s stock after selling 625 shares during the period. Thompson Davis & CO. Inc.’s holdings in EMCOR Group were worth $352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its position in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $55,000. Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $62,000. Finally, Rakuten Securities Inc. raised its position in shares of EMCOR Group by 4,025.0% in the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock valued at $71,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Down 4.9 %

EME opened at $403.75 on Friday. EMCOR Group, Inc. has a 52-week low of $254.09 and a 52-week high of $545.29. The company has a 50 day moving average of $466.58 and a two-hundred day moving average of $446.33. The company has a market cap of $18.57 billion, a P/E ratio of 20.51 and a beta of 1.11.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.25%. EMCOR Group’s dividend payout ratio 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.