Peak Financial Management Inc. Purchases Shares of 450 EMCOR Group, Inc. (NYSE:EME)

Peak Financial Management Inc. acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 450 shares of the construction company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in EMCOR Group by 56.2% in the 2nd quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock worth $4,708,000 after purchasing an additional 4,380 shares during the period. Toronto Dominion Bank grew its holdings in shares of EMCOR Group by 5,880.5% in the second quarter. Toronto Dominion Bank now owns 4,605 shares of the construction company’s stock worth $1,681,000 after purchasing an additional 4,528 shares during the last quarter. APG Asset Management N.V. purchased a new position in shares of EMCOR Group in the second quarter worth $1,516,000. MBB Public Markets I LLC bought a new stake in EMCOR Group during the 2nd quarter valued at $1,227,000. Finally, Millennium Management LLC boosted its position in EMCOR Group by 10.2% during the 2nd quarter. Millennium Management LLC now owns 215,834 shares of the construction company’s stock valued at $78,797,000 after buying an additional 19,982 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 0.0 %

NYSE EME opened at $531.64 on Monday. The firm has a market capitalization of $24.46 billion, a PE ratio of 27.00 and a beta of 1.12. The stock’s 50 day moving average is $490.19 and its 200 day moving average is $437.44. EMCOR Group, Inc. has a twelve month low of $220.45 and a twelve month high of $545.29.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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 5.08%.

Wall Street Analysts Forecast Growth

EME has been the topic of several recent analyst reports. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. Finally, Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $518.75.

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.