17,992 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 17,992 shares of the construction company’s stock, valued at approximately $8,167,000. EMCOR Group accounts for about 1.8% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors also recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new position in EMCOR Group during the third quarter valued at approximately $33,000. True Wealth Design LLC boosted its holdings in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in EMCOR Group in the third quarter valued at $49,000. SJS Investment Consulting Inc. boosted its holdings in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group during the 3rd quarter valued at $55,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

EME opened at $448.80 on Tuesday. The stock has a 50-day moving average price of $483.05 and a 200-day moving average price of $439.71. The firm has a market cap of $20.64 billion, a PE ratio of 22.79 and a beta of 1.11. EMCOR Group, Inc. has a 1 year low of $229.75 and a 1 year high of $545.29.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EME. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

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.