D.B. Root & Company LLC Sells 144 Shares of EMCOR Group, Inc. (NYSE:EME)

D.B. Root & Company LLC cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,361 shares of the construction company’s stock after selling 144 shares during the period. D.B. Root & Company LLC’s holdings in EMCOR Group were worth $1,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual Advisors LLC boosted its holdings in shares of EMCOR Group by 14.1% during the 4th quarter. Mutual Advisors LLC now owns 909 shares of the construction company’s stock valued at $413,000 after buying an additional 112 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in EMCOR Group by 108.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company’s stock valued at $7,439,000 after acquiring an additional 8,545 shares during the period. Barlow Wealth Partners Inc. boosted its stake in EMCOR Group by 6.1% during the fourth quarter. Barlow Wealth Partners Inc. now owns 30,359 shares of the construction company’s stock worth $15,241,000 after acquiring an additional 1,751 shares in the last quarter. XML Financial LLC purchased a new stake in EMCOR Group in the fourth quarter worth about $217,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of EMCOR Group by 8.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 27,814 shares of the construction company’s stock valued at $12,625,000 after purchasing an additional 2,175 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. The Goldman Sachs Group initiated coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. 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 analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Up 1.6 %

EME stock opened at $535.70 on Thursday. The stock’s 50 day simple moving average is $488.15 and its 200 day simple moving average is $433.93. EMCOR Group, Inc. has a 12-month low of $219.07 and a 12-month high of $545.30. The stock has a market capitalization of $24.64 billion, a PE ratio of 27.21 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced its quarterly 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 the consensus estimate of $3.77 billion. During the same period in the prior year, the company posted $3.61 earnings per share. The company’s quarterly revenue 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 year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group’s dividend payout ratio is presently 5.08%.

EMCOR Group Company Profile

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.