Independence Bank of Kentucky Has $140,000 Holdings in EMCOR Group, Inc. (NYSE:EME)

Independence Bank of Kentucky lowered its position in EMCOR Group, Inc. (NYSE:EME) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309 shares of the construction company’s stock after selling 86 shares during the period. Independence Bank of Kentucky’s holdings in EMCOR Group were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EME. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the third quarter valued at $33,000. Anchor Investment Management LLC lifted its position in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. 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 position in shares of EMCOR Group during the 3rd quarter worth about $49,000. Finally, SJS Investment Consulting Inc. increased its stake in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $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 Stock Performance

EME opened at $448.52 on Monday. The business’s fifty day moving average is $483.05 and its 200-day moving average is $439.71. The firm has a market cap of $20.63 billion, a P/E ratio of 22.78 and a beta of 1.12. EMCOR Group, Inc. has a 52-week low of $226.99 and a 52-week high of $545.29.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (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 firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $3.61 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.