Fortem Financial Group LLC Has $2.99 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Fortem Financial Group LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,946 shares of the construction company’s stock after buying an additional 459 shares during the quarter. EMCOR Group comprises about 1.2% of Fortem Financial Group LLC’s portfolio, making the stock its 20th biggest position. Fortem Financial Group LLC’s holdings in EMCOR Group were worth $2,990,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Proffitt & Goodson Inc. acquired a new stake in shares of EMCOR Group in the 2nd quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group in the third quarter worth approximately $33,000. Innealta Capital LLC purchased a new stake in shares of EMCOR Group in the second quarter worth approximately $29,000. ORG Partners LLC purchased a new stake in shares of EMCOR Group in the second quarter worth approximately $31,000. Finally, Anchor Investment Management LLC raised its position in EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EME. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Performance

NYSE EME opened at $474.41 on Wednesday. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38. The company has a 50-day simple moving average of $476.05 and a 200 day simple moving average of $413.24. The company has a market capitalization of $21.82 billion, a PE ratio of 24.09 and a beta of 1.09.

EMCOR Group (NYSE:EME) last issued its quarterly 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. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business posted $3.61 EPS. EMCOR Group’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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 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.