Kathmere Capital Management LLC Acquires 47 Shares of EMCOR Group, Inc. (NYSE:EME)

Kathmere Capital Management LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 990 shares of the construction company’s stock after buying an additional 47 shares during the quarter. Kathmere Capital Management LLC’s holdings in EMCOR Group were worth $449,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in EMCOR Group during the third quarter worth $33,000. Anchor Investment Management LLC boosted its holdings in shares of 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 in the last quarter. True Wealth Design LLC grew its position 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 worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 2.0 %

Shares of EME opened at $502.75 on Thursday. EMCOR Group, Inc. has a 52-week low of $217.08 and a 52-week high of $532.38. The stock has a market cap of $23.13 billion, a PE ratio of 25.53 and a beta of 1.12. The firm’s fifty day moving average is $488.17 and its two-hundred day moving average is $429.28.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the company earned $3.61 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EME shares. Stifel Nicolaus assumed 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. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company 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.