Oppenheimer Asset Management Inc. Sells 177 Shares of Emcor Group Inc (NYSE:EME)

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Oppenheimer Asset Management Inc. lessened its stake in Emcor Group Inc (NYSE:EME) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,525 shares of the construction company’s stock after selling 177 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Emcor Group were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EME. NN Investment Partners Holdings N.V. bought a new stake in Emcor Group during the second quarter worth $779,000. First Hawaiian Bank lifted its holdings in Emcor Group by 8.2% during the second quarter. First Hawaiian Bank now owns 4,620 shares of the construction company’s stock worth $407,000 after acquiring an additional 350 shares during the period. Toth Financial Advisory Corp bought a new stake in Emcor Group during the second quarter worth $326,000. Oakbrook Investments LLC lifted its holdings in Emcor Group by 25.0% during the second quarter. Oakbrook Investments LLC now owns 4,000 shares of the construction company’s stock worth $352,000 after acquiring an additional 800 shares during the period. Finally, Hollencrest Capital Management bought a new stake in Emcor Group during the second quarter worth $211,000. Institutional investors own 92.38% of the company’s stock.

Shares of Emcor Group stock opened at $89.40 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.40 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $87.36 and its 200 day simple moving average is $84.77. Emcor Group Inc has a 12 month low of $57.29 and a 12 month high of $93.54. The firm has a market capitalization of $5.21 billion, a P/E ratio of 18.21 and a beta of 1.10.

Emcor Group (NYSE:EME) last released its earnings results on Tuesday, October 29th. The construction company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.04. Emcor Group had a return on equity of 17.11% and a net margin of 3.51%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the business posted $1.36 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts predict that Emcor Group Inc will post 5.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, October 17th. Emcor Group’s dividend payout ratio is currently 6.52%.

A number of analysts recently commented on EME shares. ValuEngine lowered Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price target on Emcor Group from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. DA Davidson lifted their price target on Emcor Group to $107.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Finally, Maxim Group reiterated a “hold” rating and set a $95.00 price target on shares of Emcor Group in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $98.50.

Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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

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