TimesSquare Capital Management LLC Has $89.96 Million Stock Position in Emcor Group Inc (NYSE:EME)

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TimesSquare Capital Management LLC boosted its position in Emcor Group Inc (NYSE:EME) by 4.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,044,610 shares of the construction company’s stock after purchasing an additional 41,110 shares during the period. TimesSquare Capital Management LLC owned about 1.86% of Emcor Group worth $89,962,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Texas Permanent School Fund lifted its position in Emcor Group by 0.4% during the third quarter. Texas Permanent School Fund now owns 38,208 shares of the construction company’s stock worth $3,290,000 after acquiring an additional 139 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Emcor Group by 42.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock worth $53,000 after acquiring an additional 180 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Emcor Group by 5.1% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,364 shares of the construction company’s stock worth $376,000 after acquiring an additional 212 shares during the last quarter. King Luther Capital Management Corp lifted its position in Emcor Group by 0.5% during the second quarter. King Luther Capital Management Corp now owns 45,473 shares of the construction company’s stock worth $4,006,000 after acquiring an additional 233 shares during the last quarter. Finally, Bridge City Capital LLC lifted its position in Emcor Group by 0.5% during the second quarter. Bridge City Capital LLC now owns 52,425 shares of the construction company’s stock worth $4,619,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Shares of NYSE EME traded up $0.89 during midday trading on Tuesday, reaching $89.94. The company’s stock had a trading volume of 316,241 shares, compared to its average volume of 348,223. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.43. Emcor Group Inc has a fifty-two week low of $57.29 and a fifty-two week high of $93.54. The business’s 50 day moving average price is $87.51 and its two-hundred day moving average price is $84.86. The company has a market cap of $5.02 billion, a P/E ratio of 18.32 and a beta of 1.10.

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

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

A number of research firms have recently weighed in on EME. ValuEngine downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Maxim Group reiterated a “hold” rating and issued a $95.00 price target on shares of Emcor Group in a research report on Thursday, October 31st. DA Davidson lifted their price target on shares of Emcor Group to $107.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on shares of Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus 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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