1,357 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,357 shares of the construction company’s stock, valued at approximately $584,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cumberland Partners Ltd raised its holdings in shares of EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after buying an additional 1,500 shares during the period. Cetera Advisors LLC lifted its position in shares of EMCOR Group by 165.3% during the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after purchasing an additional 3,869 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after purchasing an additional 34,553 shares during the period. Gulf International Bank UK Ltd acquired a new stake in EMCOR Group during the 2nd quarter valued at $1,405,000. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in EMCOR Group during the 3rd quarter worth $8,352,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 4.2 %

NYSE:EME opened at $504.92 on Friday. The company has a market cap of $23.23 billion, a PE ratio of 25.64 and a beta of 1.07. The business’s 50 day moving average is $457.00 and its two-hundred day moving average is $402.62. EMCOR Group, Inc. has a 52 week low of $209.31 and a 52 week high of $532.38.

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 firm 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%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the business posted $3.61 earnings per share. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday. They set a “sell” rating and a $445.00 target price for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. Northcoast Research started coverage on EMCOR Group in a research note on Friday. They set a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

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.