EMCOR Group, Inc. (NYSE:EME) Stock Holdings Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414 shares of the construction company’s stock after acquiring an additional 98 shares during the period. EverSource Wealth Advisors LLC’s holdings in EMCOR Group were worth $188,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its stake in shares of EMCOR Group by 9.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 765 shares of the construction company’s stock worth $347,000 after buying an additional 68 shares in the last quarter. Saturna Capital Corp raised its stake in shares of EMCOR Group by 11.4% in the 4th quarter. Saturna Capital Corp now owns 1,069 shares of the construction company’s stock worth $485,000 after buying an additional 109 shares in the last quarter. PFG Advisors raised its stake in shares of EMCOR Group by 14.9% in the 4th quarter. PFG Advisors now owns 1,593 shares of the construction company’s stock worth $723,000 after buying an additional 207 shares in the last quarter. Prosperity Financial Group Inc. raised its stake in shares of EMCOR Group by 52.0% in the 4th quarter. Prosperity Financial Group Inc. now owns 915 shares of the construction company’s stock worth $415,000 after buying an additional 313 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of EMCOR Group in the 4th quarter worth $214,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 4.4 %

Shares of EMCOR Group stock opened at $389.29 on Monday. The stock has a 50-day moving average price of $442.26 and a 200 day moving average price of $450.19. The company has a market cap of $17.70 billion, a P/E ratio of 19.77 and a beta of 1.14. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $0.79. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 4.64%.

Insiders Place Their Bets

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now directly owns 27,642 shares of the company’s stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus reduced their target price on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $497.25.

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.