D.A. Davidson & CO. Sells 945 Shares of EMCOR Group, Inc. (NYSE:EME)

D.A. Davidson & CO. cut its stake in EMCOR Group, Inc. (NYSE:EME) by 20.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the construction company’s stock after selling 945 shares during the quarter. D.A. Davidson & CO.’s holdings in EMCOR Group were worth $1,634,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Truist Financial Corp lifted its position in EMCOR Group by 5.7% in the fourth quarter. Truist Financial Corp now owns 10,466 shares of the construction company’s stock worth $4,751,000 after buying an additional 560 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of EMCOR Group by 14.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,562 shares of the construction company’s stock worth $709,000 after purchasing an additional 199 shares during the last quarter. Csenge Advisory Group lifted its position in shares of EMCOR Group by 4.7% during the fourth quarter. Csenge Advisory Group now owns 983 shares of the construction company’s stock worth $446,000 after purchasing an additional 44 shares during the last quarter. Principal Securities Inc. lifted its position in shares of EMCOR Group by 7.7% during the fourth quarter. Principal Securities Inc. now owns 3,087 shares of the construction company’s stock worth $1,401,000 after purchasing an additional 220 shares during the last quarter. Finally, Little House Capital LLC lifted its position in shares of EMCOR Group by 1.2% during the fourth quarter. Little House Capital LLC now owns 4,646 shares of the construction company’s stock worth $2,109,000 after purchasing an additional 57 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 4.9 %

Shares of EMCOR Group stock opened at $403.75 on Friday. The firm has a market cap of $18.57 billion, a P/E ratio of 20.51 and a beta of 1.11. EMCOR Group, Inc. has a 12 month low of $254.09 and a 12 month high of $545.29. The stock’s fifty day moving average price is $465.08 and its 200-day moving average price is $447.45.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analyst Ratings Changes

EME has been the subject of several research analyst reports. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, 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 for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $518.75.

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.