Thrivent Financial for Lutherans Has $19.64 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Thrivent Financial for Lutherans decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,269 shares of the construction company’s stock after selling 12,898 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of EMCOR Group worth $19,639,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $55,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after buying an additional 25 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of EMCOR Group by 13.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock valued at $101,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Activity

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EME shares. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Trading Up 0.4 %

EME opened at $400.31 on Friday. The stock has a market capitalization of $18.20 billion, a PE ratio of 20.33 and a beta of 1.14. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The firm has a 50-day moving average price of $435.92 and a two-hundred day moving average price of $449.51.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has authorized a stock repurchase program on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is presently 4.64%.

About EMCOR Group

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.