Impact Partnership Wealth LLC Acquires 133 Shares of EMCOR Group, Inc. (NYSE:EME)

Impact Partnership Wealth LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 15.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,012 shares of the construction company’s stock after acquiring an additional 133 shares during the quarter. Impact Partnership Wealth LLC’s holdings in EMCOR Group were worth $459,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. RFG Advisory LLC lifted its stake in EMCOR Group by 6.7% in the fourth quarter. RFG Advisory LLC now owns 5,704 shares of the construction company’s stock worth $2,589,000 after purchasing an additional 357 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of EMCOR Group in the fourth quarter worth about $1,506,000. McGlone Suttner Wealth Management Inc. lifted its stake in shares of EMCOR Group by 16.0% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 1,354 shares of the construction company’s stock valued at $615,000 after acquiring an additional 187 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its holdings in EMCOR Group by 2.5% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 19,893 shares of the construction company’s stock valued at $9,029,000 after acquiring an additional 494 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in EMCOR Group by 12.9% during the 4th quarter. Raleigh Capital Management Inc. now owns 456 shares of the construction company’s stock worth $207,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Performance

EME stock opened at $531.57 on Friday. The company has a market capitalization of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. The business’s 50 day moving average price is $488.87 and its two-hundred day moving average price is $434.64. EMCOR Group, Inc. has a fifty-two week low of $219.07 and a fifty-two week high of $545.29.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The company 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 firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 earnings per share. Sell-side analysts forecast 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. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

EMCOR Group 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.