Hamilton Point Investment Advisors LLC Purchases 46 Shares of EMCOR Group, Inc. (NYSE:EME)

Hamilton Point Investment Advisors LLC lifted its position in EMCOR Group, Inc. (NYSE:EME) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,682 shares of the construction company’s stock after buying an additional 46 shares during the period. EMCOR Group makes up 4.0% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 4th largest position. Hamilton Point Investment Advisors LLC owned about 0.11% of EMCOR Group worth $22,551,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EME. Perigon Wealth Management LLC raised its position in shares of EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares during the period. Adirondack Trust Co. increased its stake in EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after purchasing an additional 20 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after buying an additional 21 shares during the period. Caprock Group LLC lifted its stake in EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $449.31 on Friday. The stock’s 50 day simple moving average is $485.73 and its 200 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 released its quarterly 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. The company had revenue of $3.70 billion for 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 company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analysts Set New Price Targets

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