Marks Group Wealth Management Inc Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Marks Group Wealth Management Inc lifted its position in EMCOR Group, Inc. (NYSE:EME) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,612 shares of the construction company’s stock after purchasing an additional 604 shares during the quarter. EMCOR Group accounts for about 1.0% of Marks Group Wealth Management Inc’s holdings, making the stock its 15th largest holding. Marks Group Wealth Management Inc owned approximately 0.05% of EMCOR Group worth $10,166,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of EME. Matrix Trust Co purchased a new position in EMCOR Group in the 2nd quarter worth $26,000. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at about $29,000. ORG Partners LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at about $31,000. Finally, ORG Wealth Partners LLC bought a new position in EMCOR Group during the 3rd quarter worth approximately $33,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EME. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. DA Davidson boosted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

EMCOR Group Stock Performance

NYSE EME opened at $476.01 on Wednesday. The stock has a market cap of $22.21 billion, a P/E ratio of 24.18 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $206.37 and a fifty-two week high of $476.50. The stock has a 50 day simple moving average of $422.24 and a two-hundred day simple moving average of $389.03.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company earned $3.61 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed 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 yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 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.