EMCOR Group, Inc. (NYSE:EME) Stock Position Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 33.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 232,969 shares of the construction company’s stock after buying an additional 57,871 shares during the period. Los Angeles Capital Management LLC owned about 0.50% of EMCOR Group worth $100,300,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Matrix Trust Co bought a new position in EMCOR Group during the 2nd quarter worth approximately $26,000. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $31,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $33,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock traded up $9.80 during mid-day trading on Friday, hitting $514.15. 593,427 shares of the stock traded hands, compared to its average volume of 320,007. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 26.11 and a beta of 1.07. The company’s 50-day simple moving average is $429.51 and its 200-day simple moving average is $392.25. EMCOR Group, Inc. has a twelve month low of $207.36 and a twelve month high of $519.10.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.61 EPS. Analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s payout ratio is 5.08%.

Analyst Upgrades and Downgrades

EME has been the topic of several recent research reports. DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

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.