MQS Management LLC Makes New $449,000 Investment in EMCOR Group, Inc. $EME

MQS Management LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 691 shares of the construction company’s stock, valued at approximately $449,000.

A number of other large investors also recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in EMCOR Group in the third quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter valued at about $31,000. Tobam grew its stake in shares of EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after purchasing an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth about $43,000. Finally, True Wealth Design LLC increased its stake in shares of EMCOR Group by 333.3% in the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $804.64 on Thursday. The stock has a market capitalization of $36.02 billion, a P/E ratio of 32.35 and a beta of 1.17. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $816.60. The business has a 50-day moving average of $668.54 and a 200-day moving average of $650.76.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 6.43%.

EMCOR Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. DA Davidson increased their price target on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $698.83.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.