Legal & General Group Plc Buys 8,285 Shares of EMCOR Group, Inc. (EME)

Legal & General Group Plc grew its stake in EMCOR Group, Inc. (NYSE:EME) by 12.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 72,726 shares of the construction company’s stock after buying an additional 8,285 shares during the quarter. Legal & General Group Plc owned 0.12% of EMCOR Group worth $4,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EME. Capstone Asset Management Co. boosted its stake in shares of EMCOR Group by 7.1% in the 1st quarter. Capstone Asset Management Co. now owns 4,352 shares of the construction company’s stock valued at $274,000 after buying an additional 290 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of EMCOR Group by 8.5% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the construction company’s stock valued at $180,000 after buying an additional 224 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of EMCOR Group by 94.9% in the 1st quarter. Russell Investments Group Ltd. now owns 159,204 shares of the construction company’s stock valued at $10,021,000 after buying an additional 77,525 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of EMCOR Group by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,290 shares of the construction company’s stock valued at $1,340,000 after buying an additional 300 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of EMCOR Group by 2.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 34,341 shares of the construction company’s stock valued at $2,160,000 after buying an additional 815 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

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Several brokerages have recently issued reports on EME. KeyCorp reiterated a “hold” rating on shares of EMCOR Group in a research note on Friday, August 25th. BidaskClub cut EMCOR Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research upgraded EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.33.

Shares of EMCOR Group, Inc. (NYSE:EME) opened at 66.45 on Monday. EMCOR Group, Inc. has a 1-year low of $54.89 and a 1-year high of $73.44. The stock has a market cap of $3.93 billion, a PE ratio of 19.92 and a beta of 0.89. The company’s 50-day moving average price is $65.41 and its 200 day moving average price is $64.47.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that EMCOR Group, Inc. will post $3.57 EPS for the current fiscal year.

About EMCOR Group

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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