873 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Olympiad Research LP

Olympiad Research LP acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 873 shares of the construction company’s stock, valued at approximately $376,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hanseatic Management Services Inc. boosted its position in shares of EMCOR Group by 2.8% during the 3rd quarter. Hanseatic Management Services Inc. now owns 2,688 shares of the construction company’s stock worth $1,157,000 after acquiring an additional 74 shares in the last quarter. Forte Capital LLC ADV lifted its holdings in shares of EMCOR Group by 23.3% in the 3rd quarter. Forte Capital LLC ADV now owns 1,095 shares of the construction company’s stock valued at $471,000 after purchasing an additional 207 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of EMCOR Group by 1.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,697 shares of the construction company’s stock valued at $5,897,000 after purchasing an additional 261 shares during the last quarter. Marks Group Wealth Management Inc lifted its holdings in shares of EMCOR Group by 2.6% in the 3rd quarter. Marks Group Wealth Management Inc now owns 23,612 shares of the construction company’s stock valued at $10,166,000 after purchasing an additional 604 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter valued at about $8,352,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on EME. DA Davidson upped their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Trading Up 0.5 %

Shares of EME stock opened at $504.48 on Friday. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 25.62 and a beta of 1.07. The stock has a 50 day simple moving average of $427.08 and a 200-day simple moving average of $390.62. EMCOR Group, Inc. has a 12-month low of $207.31 and a 12-month high of $509.46.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

EMCOR Group Company 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.