EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 490,200 shares, a growth of 12.9% from the December 31st total of 434,000 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 377,200 shares, the short-interest ratio is presently 1.3 days.

EMCOR Group Price Performance

Shares of NYSE:EME traded up $0.74 during trading on Monday, reaching $448.80. The stock had a trading volume of 635,199 shares, compared to its average volume of 511,900. EMCOR Group has a 52 week low of $229.75 and a 52 week high of $545.29. The business’s 50-day moving average price is $483.05 and its 200 day moving average price is $439.71. The stock has a market capitalization of $20.64 billion, a PE ratio of 22.79 and a beta of 1.11.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.61 EPS. Analysts forecast that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $518.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Wealth Partners LLC bought a new position in EMCOR Group during the third quarter worth $33,000. Anchor Investment Management LLC increased its holdings in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after acquiring an additional 50 shares during the period. True Wealth Design LLC increased its holdings in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter valued at $49,000. Finally, SJS Investment Consulting Inc. boosted its position in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

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.