EMCOR Group, Inc. (NYSE:EME) Short Interest Up 12.9% in December

EMCOR Group, Inc. (NYSE:EME) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 490,200 shares, an increase of 12.9% from the December 15th total of 434,000 shares. Based on an average daily volume of 377,200 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On EMCOR Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MinichMacGregor Wealth Management LLC grew its holdings in EMCOR Group by 2.5% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 19,893 shares of the construction company’s stock valued at $9,029,000 after purchasing an additional 494 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of EMCOR Group by 12.9% during the 4th quarter. Raleigh Capital Management Inc. now owns 456 shares of the construction company’s stock valued at $207,000 after buying an additional 52 shares in the last quarter. Adirondack Trust Co. lifted its position in shares of EMCOR Group by 5.0% during the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares in the last quarter. Mutual Advisors LLC increased its holdings in EMCOR Group by 14.1% in the 4th quarter. Mutual Advisors LLC now owns 909 shares of the construction company’s stock worth $413,000 after acquiring an additional 112 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings 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 acquiring an additional 8,545 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

EMCOR Group stock opened at $507.12 on Monday. The stock has a market cap of $23.33 billion, a PE ratio of 25.75 and a beta of 1.12. The stock has a fifty day moving average of $488.17 and a 200 day moving average of $431.82. EMCOR Group has a one year low of $217.22 and a one year high of $532.38.

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 the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 EPS. As a group, sell-side analysts predict that EMCOR Group will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

About EMCOR Group

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.