Narus Financial Partners LLC Decreases Stake in EMCOR Group, Inc. (NYSE:EME)

Narus Financial Partners LLC reduced its position in EMCOR Group, Inc. (NYSE:EME) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,036 shares of the construction company’s stock after selling 46 shares during the period. Narus Financial Partners LLC’s holdings in EMCOR Group were worth $470,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EME. ORG Wealth Partners LLC bought a new position in EMCOR Group in the 3rd quarter worth about $33,000. Anchor Investment Management LLC lifted its holdings in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC boosted its position in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after acquiring an additional 104 shares during the period. SJS Investment Consulting Inc. grew its stake in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $49,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 2.3 %

NYSE EME opened at $449.31 on Friday. The stock’s 50-day simple moving average is $485.73 and its two-hundred day simple moving average is $438.27. EMCOR Group, Inc. has a twelve month low of $226.99 and a twelve month high of $545.29. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 22.82 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its earnings results 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.61 earnings per share. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

Several research analysts have commented on EME shares. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Finally, StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Company 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.