EMCOR Group, Inc. (NYSE:EME) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 11.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,943 shares of the construction company’s stock after buying an additional 723 shares during the period. Crossmark Global Holdings Inc.’s holdings in EMCOR Group were worth $3,151,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in EMCOR Group during the third quarter worth approximately $33,000. Anchor Investment Management LLC grew its position in shares of EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. True Wealth Design LLC increased its position in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group during the third quarter worth about $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.6 %

NYSE EME opened at $535.70 on Thursday. The business’s 50 day moving average is $488.15 and its two-hundred day 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 price-to-earnings ratio of 27.21 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS 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 analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.61 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on EME. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.