556 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 556 shares of the construction company’s stock, valued at approximately $239,000.

Several other institutional investors have also added to or reduced their stakes in the company. Matrix Trust Co bought a new position in shares of EMCOR Group during the second quarter valued at approximately $26,000. Proffitt & Goodson Inc. purchased a new position in EMCOR Group during the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in EMCOR Group in the 2nd quarter valued at $29,000. ORG Partners LLC purchased a new stake in EMCOR Group in the second quarter worth $31,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group during the third quarter worth $33,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DA Davidson upped their price target 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. 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, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 target price on the stock.

EMCOR Group Trading Up 0.2 %

Shares of EMCOR Group stock opened at $498.86 on Friday. The stock’s fifty day moving average price is $443.84 and its 200-day moving average price is $397.35. The firm has a market cap of $22.95 billion, a P/E ratio of 25.34 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $3.61 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Analysts forecast that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.