Barlow Wealth Partners Inc. Raises Holdings in EMCOR Group, Inc. (NYSE:EME)

Barlow Wealth Partners Inc. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,359 shares of the construction company’s stock after acquiring an additional 1,751 shares during the quarter. EMCOR Group accounts for 1.9% of Barlow Wealth Partners Inc.’s holdings, making the stock its 26th largest position. Barlow Wealth Partners Inc. owned approximately 0.07% of EMCOR Group worth $15,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC boosted its holdings in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC grew its position in EMCOR Group by 3,466.7% during the third 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 purchased a new position in EMCOR Group in the third quarter valued at $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group in the third quarter worth about $55,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Up 4.0 %

NYSE:EME opened at $526.88 on Wednesday. The stock has a 50 day moving average of $487.90 and a two-hundred day moving average of $432.78. EMCOR Group, Inc. has a 12 month low of $218.42 and a 12 month high of $532.38. The firm has a market cap of $24.24 billion, a P/E ratio of 26.76 and a beta of 1.12.

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

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EME shares. The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group 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.