Pekin Hardy Strauss Inc. Invests $398,000 in EMCOR Group, Inc. (NYSE:EME)

Pekin Hardy Strauss Inc. acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 925 shares of the construction company’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of EMCOR Group by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock worth $50,711,000 after purchasing an additional 13,995 shares during the last quarter. Ascent Group LLC acquired a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $261,000. Caxton Associates LP bought a new position in EMCOR Group during the 1st quarter worth approximately $929,000. Bayesian Capital Management LP grew its holdings in EMCOR Group by 18.4% during the first quarter. Bayesian Capital Management LP now owns 2,668 shares of the construction company’s stock valued at $934,000 after purchasing an additional 415 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in EMCOR Group by 66.8% during the first quarter. Janus Henderson Group PLC now owns 37,611 shares of the construction company’s stock valued at $13,171,000 after purchasing an additional 15,066 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Down 4.2 %

Shares of EME opened at $504.92 on Monday. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $532.38. The stock has a market capitalization of $23.23 billion, a P/E ratio of 25.64 and a beta of 1.07. The company has a 50 day moving average of $457.00 and a 200-day moving average of $402.81.

EMCOR Group (NYSE:EME) last announced 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 net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EME shares. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 price target on the stock. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday. They issued a “sell” rating and a $445.00 price objective for the company. Finally, Stifel Nicolaus started coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.