Huntington National Bank Buys 64 Shares of EMCOR Group, Inc. (NYSE:EME)

Huntington National Bank increased its stake in EMCOR Group, Inc. (NYSE:EME) by 25.3% during the third quarter, HoldingsChannel reports. The firm owned 317 shares of the construction company’s stock after acquiring an additional 64 shares during the period. Huntington National Bank’s holdings in EMCOR Group were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in shares of EMCOR Group in the third quarter valued at $1,222,000. Saturna Capital Corp raised its stake in EMCOR Group by 12.9% in the 3rd quarter. Saturna Capital Corp now owns 960 shares of the construction company’s stock valued at $413,000 after acquiring an additional 110 shares during the period. Victory Capital Management Inc. lifted its holdings in EMCOR Group by 91.4% during the third quarter. Victory Capital Management Inc. now owns 124,704 shares of the construction company’s stock valued at $53,689,000 after purchasing an additional 59,546 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in EMCOR Group during the third quarter worth about $239,000. Finally, Cumberland Partners Ltd increased its stake in shares of EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.2 %

EME stock opened at $498.86 on Monday. The firm has a 50 day moving average of $443.84 and a 200-day moving average of $397.63. The firm has a market capitalization of $22.95 billion, a P/E ratio of 25.34 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31.

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. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned $3.61 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analyst Ratings Changes

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

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.