EMCOR Group, Inc. (NYSE:EME) Stake Raised by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its position in EMCOR Group, Inc. (NYSE:EME) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,525 shares of the construction company’s stock after buying an additional 100 shares during the period. Sit Investment Associates Inc. owned 0.06% of EMCOR Group worth $2,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in EMCOR Group by 14.6% in the second quarter. Aperio Group LLC now owns 26,430 shares of the construction company’s stock worth $1,728,000 after buying an additional 3,362 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of EMCOR Group by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the construction company’s stock valued at $1,013,000 after buying an additional 400 shares during the period. LS Investment Advisors LLC increased its position in shares of EMCOR Group by 14.7% in the second quarter. LS Investment Advisors LLC now owns 4,718 shares of the construction company’s stock valued at $308,000 after buying an additional 603 shares during the period. Palo Capital Inc. increased its position in shares of EMCOR Group by 27.3% in the second quarter. Palo Capital Inc. now owns 38,707 shares of the construction company’s stock valued at $2,531,000 after buying an additional 8,294 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of EMCOR Group by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,254 shares of the construction company’s stock valued at $1,455,000 after buying an additional 964 shares during the period. Hedge funds and other institutional investors own 94.25% of the company’s stock.

EMCOR Group, Inc. (NYSE EME) opened at 67.98 on Wednesday. The stock has a market capitalization of $4.02 billion, a P/E ratio of 20.38 and a beta of 0.89. The firm has a 50 day moving average price of $65.82 and a 200 day moving average price of $65.20. EMCOR Group, Inc. has a 52 week low of $54.89 and a 52 week high of $73.44.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Equities research analysts predict that EMCOR Group, Inc. will post $3.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, July 13th. EMCOR Group’s dividend payout ratio (DPR) is 9.61%.

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Several brokerages have weighed in on EME. Zacks Investment Research upgraded EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, July 31st. BidaskClub downgraded EMCOR Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $69.75.

EMCOR Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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