McAdam LLC Sells 615 Shares of EMCOR Group, Inc. (NYSE:EME)

McAdam LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,571 shares of the construction company’s stock after selling 615 shares during the period. McAdam LLC’s holdings in EMCOR Group were worth $713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EME. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group in the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC lifted its position in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. True Wealth Design LLC lifted its position 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 worth $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. increased its position in EMCOR Group by 494.7% during 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 during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in EMCOR Group during the third quarter valued at $49,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EME. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Finally, Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of EME stock opened at $448.52 on Monday. The company has a market capitalization of $20.63 billion, a P/E ratio of 22.78 and a beta of 1.12. The company’s 50-day simple moving average is $483.05 and its two-hundred day simple moving average is $439.71. EMCOR Group, Inc. has a one year low of $226.99 and a one year high of $545.29.

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

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

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.