Foundry Partners LLC Boosts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Foundry Partners LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,779 shares of the construction company’s stock after acquiring an additional 151 shares during the quarter. Foundry Partners LLC’s holdings in EMCOR Group were worth $807,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in shares of EMCOR Group by 14.2% in the third quarter. Captrust Financial Advisors now owns 5,670 shares of the construction company’s stock valued at $2,441,000 after purchasing an additional 703 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of EMCOR Group by 168.1% in the third quarter. Benjamin Edwards Inc. now owns 2,898 shares of the construction company’s stock worth $1,248,000 after acquiring an additional 1,817 shares in the last quarter. Hilltop Holdings Inc. increased its position in shares of EMCOR Group by 122.4% during the third quarter. Hilltop Holdings Inc. now owns 1,488 shares of the construction company’s stock worth $640,000 after acquiring an additional 819 shares during the period. Janus Henderson Group PLC boosted its holdings in EMCOR Group by 236.3% in the third quarter. Janus Henderson Group PLC now owns 3,363 shares of the construction company’s stock valued at $1,448,000 after purchasing an additional 2,363 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in EMCOR Group by 2.7% in the third quarter. Quantinno Capital Management LP now owns 9,884 shares of the construction company’s stock valued at $4,256,000 after purchasing an additional 256 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Down 3.6 %

EME stock opened at $341.76 on Friday. The business has a 50 day moving average price of $408.04 and a 200 day moving average price of $449.97. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 17.36 and a beta of 1.14. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, topping the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on EME. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their price target on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $497.25.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company’s stock, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.