EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,978 shares of the construction company’s stock after acquiring an additional 32 shares during the period. EMCOR Group makes up approximately 1.2% of Fortem Financial Group LLC’s investment portfolio, making the stock its 21st largest position. Fortem Financial Group LLC’s holdings in EMCOR Group were worth $3,167,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of EMCOR Group during the 3rd quarter valued at about $33,000. Anchor Investment Management LLC grew its stake 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 period. True Wealth Design LLC grew 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 during the period. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $55,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EME shares. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Up 1.0 %

NYSE EME traded up $4.82 during trading on Monday, hitting $478.47. The stock had a trading volume of 322,509 shares, compared to its average volume of 331,128. The company has a market capitalization of $22.01 billion, a PE ratio of 24.30 and a beta of 1.12. The firm has a 50 day moving average price of $484.39 and a 200 day moving average price of $423.60. EMCOR Group, Inc. has a twelve month low of $210.38 and a twelve month high of $532.38.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group’s payout ratio is 5.08%.

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.