EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 490,200 shares, an increase of 12.9% from the December 31st total of 434,000 shares. Based on an average daily trading volume, of 377,200 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Investors Weigh In On EMCOR Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the third quarter worth about $33,000. Anchor Investment Management LLC boosted its position in EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group during the 3rd quarter worth $49,000. Finally, SJS Investment Consulting Inc. increased its holdings in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

NYSE:EME traded up $0.74 during mid-day trading on Monday, reaching $448.80. The company’s stock had a trading volume of 635,199 shares, compared to its average volume of 511,900. The company’s fifty day simple moving average is $483.05 and its two-hundred day simple moving average is $439.71. EMCOR Group has a twelve month low of $229.75 and a twelve month high of $545.29. The stock has a market cap of $20.64 billion, a P/E ratio of 22.79 and a beta of 1.11.

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

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EME shares. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $518.75.

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.