EMCOR Group, Inc. (NYSE:EME) Stock Holdings Lowered by Monument Capital Management

Monument Capital Management trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,858 shares of the construction company’s stock after selling 84 shares during the quarter. EMCOR Group accounts for about 1.5% of Monument Capital Management’s portfolio, making the stock its 11th largest holding. Monument Capital Management’s holdings in EMCOR Group were worth $5,382,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its stake in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $49,000. SJS Investment Consulting Inc. increased its stake in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in EMCOR Group during the 3rd quarter worth about $55,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in EMCOR Group during the third quarter valued at about $62,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 0.4 %

EME stock opened at $425.80 on Monday. The company has a 50 day moving average of $470.50 and a two-hundred day moving average of $445.55. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 21.63 and a beta of 1.11. EMCOR Group, Inc. has a 12-month low of $247.24 and a 12-month high of $545.29.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued 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 0.23%. EMCOR Group’s dividend payout ratio is 5.08%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.75.

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.