Moloney Securities Asset Management LLC Cuts Stake in EMCOR Group, Inc. (NYSE:EME)

Moloney Securities Asset Management LLC trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,712 shares of the construction company’s stock after selling 784 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in EMCOR Group were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Perigon Wealth Management LLC increased its position in EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after buying an additional 19 shares during the last quarter. Adirondack Trust Co. boosted its position in EMCOR Group by 5.0% during 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 period. Exchange Traded Concepts LLC raised its position in shares of EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after purchasing an additional 21 shares during the period. Caprock Group LLC lifted its stake in shares of EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME stock opened at $461.07 on Monday. The company has a market capitalization of $21.21 billion, a PE ratio of 23.42 and a beta of 1.11. EMCOR Group, Inc. has a 52-week low of $238.94 and a 52-week high of $545.29. The business’s fifty day moving average is $477.56 and its 200 day moving average is $442.19.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EME. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Finally, StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $518.75.

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.