EMCOR Group, Inc. (NYSE:EME) Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 10.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,690 shares of the construction company’s stock after selling 3,641 shares during the period. EMCOR Group accounts for approximately 1.6% of CCM Investment Advisers LLC’s holdings, making the stock its 27th biggest holding. CCM Investment Advisers LLC owned 0.07% of EMCOR Group worth $14,384,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in EMCOR Group by 12.9% during the second quarter. Commonwealth Equity Services LLC now owns 6,973 shares of the construction company’s stock worth $2,546,000 after purchasing an additional 799 shares during the last quarter. TD Asset Management Inc bought a new position in EMCOR Group in the second quarter worth about $2,487,000. Victory Capital Management Inc. grew its holdings in shares of EMCOR Group by 5.0% during the second quarter. Victory Capital Management Inc. now owns 65,158 shares of the construction company’s stock valued at $23,788,000 after purchasing an additional 3,102 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $64,000. Finally, Prudential PLC bought a new position in EMCOR Group during the 2nd quarter worth $343,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EME shares. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. StockNews.com raised 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 report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 2.6 %

Shares of EME traded down $12.47 during trading hours on Friday, reaching $463.39. The company’s stock had a trading volume of 102,600 shares, compared to its average volume of 343,613. The company has a 50 day moving average of $487.41 and a two-hundred day moving average of $425.83. EMCOR Group, Inc. has a 1-year low of $217.08 and a 1-year high of $532.38. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 23.53 and a beta of 1.09.

EMCOR Group (NYSE:EME) last issued 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 return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the company posted $3.61 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) 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.