Saturna Capital Corp Grows Position in EMCOR Group, Inc. (NYSE:EME)

Saturna Capital Corp boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 960 shares of the construction company’s stock after purchasing an additional 110 shares during the period. Saturna Capital Corp’s holdings in EMCOR Group were worth $413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Eagle Bay Advisors LLC lifted its position in EMCOR Group by 8.1% during the first quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after purchasing an additional 34 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of EMCOR Group by 2.2% in the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after acquiring an additional 46 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position 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 acquiring an additional 47 shares in the last quarter. Cooper Financial Group lifted its position in shares of EMCOR Group by 3.7% in the second quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock valued at $485,000 after acquiring an additional 47 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of EMCOR Group by 11.7% in the third quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock valued at $202,000 after acquiring an additional 49 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 0.0 %

Shares of EME stock opened at $514.00 on Wednesday. The stock’s 50-day moving average price is $432.06 and its 200-day moving average price is $393.84. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $525.31. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 26.11 and a beta of 1.07.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm posted $3.61 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, research analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group’s payout ratio is currently 5.08%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EME shares. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson lifted their target price on 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.