Thompson Davis & CO. Inc. Grows Position in EMCOR Group, Inc. (NYSE:EME)

Thompson Davis & CO. Inc. raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 62.8% during the 3rd quarter, Holdings Channel reports. The fund owned 1,400 shares of the construction company’s stock after purchasing an additional 540 shares during the period. Thompson Davis & CO. Inc.’s holdings in EMCOR Group were worth $603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in EMCOR Group during the second quarter valued at $26,000. Proffitt & Goodson Inc. purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group in the 3rd quarter valued at about $33,000. Innealta Capital LLC purchased a new position in EMCOR Group in the second quarter worth about $29,000. Finally, ORG Partners LLC bought a new stake in EMCOR Group during the second quarter worth approximately $31,000. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Stock Up 2.6 %

EME stock opened at $514.00 on Wednesday. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31. The business’s fifty day simple moving average is $446.58 and its two-hundred day simple moving average is $398.95. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 26.10 and a beta of 1.07.

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. Research analysts expect that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s payout ratio is 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.