Leavell Investment Management Inc. Has $241,000 Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Leavell Investment Management Inc. cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 52.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 531 shares of the construction company’s stock after selling 591 shares during the period. Leavell Investment Management Inc.’s holdings in EMCOR Group were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EME. True Wealth Design LLC raised its position in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group during the third quarter worth $49,000. SJS Investment Consulting Inc. raised its position in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of EMCOR Group during the third quarter valued at $55,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of EMCOR Group during the third quarter valued at $62,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EME shares. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. 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 target on the stock. Finally, Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of NYSE EME opened at $425.80 on Friday. The business’s 50-day moving average price is $472.17 and its two-hundred day moving average price is $444.03. EMCOR Group, Inc. has a one year low of $247.24 and a one year high of $545.29. The company has a market capitalization of $19.59 billion, a P/E ratio of 21.63 and a beta of 1.11.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) 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.