EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Eagle Global Advisors LLC

Eagle Global Advisors LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 66.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the construction company’s stock after purchasing an additional 400 shares during the quarter. Eagle Global Advisors LLC’s holdings in EMCOR Group were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EME. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after purchasing an additional 521,147 shares during the period. GAMMA Investing LLC lifted its holdings in shares of EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock worth $138,266,000 after purchasing an additional 373,316 shares during the period. Nuveen LLC acquired a new stake in shares of EMCOR Group during the first quarter worth about $71,821,000. Ameriprise Financial Inc. lifted its holdings in shares of EMCOR Group by 94.2% during the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock worth $139,349,000 after purchasing an additional 148,915 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of EMCOR Group by 35.2% during the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock worth $225,332,000 after purchasing an additional 129,186 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 0.6%

EMCOR Group stock opened at $614.48 on Tuesday. The stock has a market capitalization of $27.50 billion, a PE ratio of 25.50 and a beta of 1.27. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The business has a 50 day simple moving average of $545.87 and a 200-day simple moving average of $460.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.25 earnings per share. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is currently 4.15%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EME. William Blair began coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating for the company. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price target for the company. Finally, DA Davidson lifted their price target on EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $594.50.

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.