Main Management ETF Advisors LLC Purchases New Shares in EMCOR Group, Inc. (NYSE:EME)

Main Management ETF Advisors LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,328 shares of the construction company’s stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proffitt & Goodson Inc. purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $27,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $29,000. ORG Partners LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $31,000. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter valued at $33,000. Finally, Anchor Investment Management LLC increased its position in shares of EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 0.8 %

Shares of EME opened at $509.33 on Friday. The company has a market cap of $23.43 billion, a PE ratio of 25.87 and a beta of 1.09. The stock has a 50-day moving average price of $474.16 and a 200-day moving average price of $411.75. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month 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 for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $3.61 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors 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 dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is 5.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EME. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for 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 target price for the company. Finally, StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.