1,050 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 1,050 shares of the construction company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in EMCOR Group by 8.4% during the second quarter. Sequoia Financial Advisors LLC now owns 643 shares of the construction company’s stock worth $235,000 after buying an additional 50 shares during the period. ORG Partners LLC bought a new position in EMCOR Group during the 2nd quarter valued at about $31,000. Swedbank AB purchased a new stake in EMCOR Group in the 2nd quarter worth about $8,785,000. Blue Trust Inc. lifted its stake in EMCOR Group by 119.3% in the second quarter. Blue Trust Inc. now owns 3,044 shares of the construction company’s stock worth $1,066,000 after purchasing an additional 1,656 shares during the last quarter. Finally, Petra Financial Advisors Inc. purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $647,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EME shares. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. Finally, Northcoast Research began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. One research 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

NYSE EME opened at $480.33 on Friday. The company has a market cap of $22.10 billion, a PE ratio of 24.39 and a beta of 1.09. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38. The firm’s 50 day moving average price is $478.06 and its 200-day moving average price is $414.17.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s payout ratio is 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.