Thrivent Financial for Lutherans Lowers Holdings in EMCOR Group, Inc. (NYSE:EME)

Thrivent Financial for Lutherans lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 20.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,167 shares of the construction company’s stock after selling 14,426 shares during the quarter. Thrivent Financial for Lutherans’ holdings in EMCOR Group were worth $24,181,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EME. Mount Lucas Management LP increased its stake in shares of EMCOR Group by 2.5% during the third quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after acquiring an additional 34 shares during the period. CIBC Asset Management Inc increased its position in EMCOR Group by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock worth $587,000 after purchasing an additional 43 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in shares of EMCOR Group by 0.8% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,773 shares of the construction company’s stock worth $2,486,000 after buying an additional 45 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of EMCOR Group by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after buying an additional 46 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of EMCOR Group by 30.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock valued at $73,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $514.00 on Wednesday. The stock has a fifty day moving average price of $446.58 and a 200 day moving average price of $398.95. The stock has a market cap of $23.64 billion, a PE ratio of 26.10 and a beta of 1.07. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $525.31.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm earned $3.61 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Analyst Ratings Changes

EME has been the subject of a number of recent analyst reports. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, DA Davidson boosted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

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.