Mutual of America Capital Management LLC Decreases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Mutual of America Capital Management LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,012 shares of the construction company’s stock after selling 1,007 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of EMCOR Group worth $17,254,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EME. Perigon Wealth Management LLC increased its holdings in EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after buying an additional 19 shares during the last quarter. Adirondack Trust Co. increased its holdings in EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after buying an additional 21 shares during the last quarter. Caprock Group LLC increased its holdings in EMCOR Group by 0.4% in the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after buying an additional 25 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EME shares. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Stifel Nicolaus lowered their price objective on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $497.25.

EMCOR Group Trading Up 1.4 %

NYSE:EME opened at $408.33 on Friday. The firm has a market capitalization of $18.78 billion, a PE ratio of 20.74 and a beta of 1.11. The stock has a 50 day moving average of $459.53 and a 200-day moving average of $448.17. EMCOR Group, Inc. has a 52 week low of $305.89 and a 52 week high of $545.29.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) 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.