Entropy Technologies LP Purchases 481 Shares of EMCOR Group, Inc. (NYSE:EME)

Entropy Technologies LP boosted its position in EMCOR Group, Inc. (NYSE:EME) by 62.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,252 shares of the construction company’s stock after purchasing an additional 481 shares during the quarter. Entropy Technologies LP’s holdings in EMCOR Group were worth $539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co purchased a new stake in shares of EMCOR Group in the 2nd quarter worth about $26,000. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group in the second quarter worth about $27,000. Innealta Capital LLC purchased a new stake in EMCOR Group in the second quarter worth about $29,000. ORG Partners LLC bought a new position in shares of EMCOR Group during the second quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on EME shares. DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday. They issued a “buy” rating and a $600.00 price target for the company.

EMCOR Group Stock Up 0.1 %

Shares of EME opened at $498.74 on Friday. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31. The company has a market capitalization of $22.94 billion, a P/E ratio of 25.34 and a beta of 1.07. The firm has a 50 day moving average of $440.92 and a 200 day moving average of $396.41.

EMCOR Group (NYSE:EME) last posted 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 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%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.61 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.