Raleigh Capital Management Inc. Boosts Holdings in EMCOR Group, Inc. (NYSE:EME)

Raleigh Capital Management Inc. grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 12.9% in the fourth quarter, Holdings Channel reports. The firm owned 456 shares of the construction company’s stock after purchasing an additional 52 shares during the period. Raleigh Capital Management Inc.’s holdings in EMCOR Group were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EME. Adirondack Trust Co. increased its position in shares of EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after purchasing an additional 20 shares during the last quarter. Mutual Advisors LLC lifted its position in EMCOR Group by 14.1% during the fourth quarter. Mutual Advisors LLC now owns 909 shares of the construction company’s stock valued at $413,000 after purchasing an additional 112 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in EMCOR Group by 108.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company’s stock worth $7,439,000 after buying an additional 8,545 shares in the last quarter. Barlow Wealth Partners Inc. increased its holdings in shares of EMCOR Group by 6.1% in the 4th quarter. Barlow Wealth Partners Inc. now owns 30,359 shares of the construction company’s stock worth $15,241,000 after buying an additional 1,751 shares during the last quarter. Finally, XML Financial LLC purchased a new stake in shares of EMCOR Group during the 4th quarter valued at $217,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

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

EMCOR Group Trading Down 0.8 %

Shares of EME opened at $531.57 on Friday. EMCOR Group, Inc. has a 1-year low of $219.07 and a 1-year high of $545.29. The firm’s 50-day moving average price is $488.87 and its 200-day moving average price is $434.64. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm posted $3.61 EPS. The business’s revenue was up 15.3% on a year-over-year basis. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group’s dividend payout ratio (DPR) is 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.