WESPAC Advisors SoCal LLC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

WESPAC Advisors SoCal LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,992 shares of the construction company’s stock, valued at approximately $8,167,000. EMCOR Group comprises about 1.8% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 21st biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in shares of EMCOR Group by 2.5% in the 4th 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 holdings in shares of EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after buying an additional 20 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after buying an additional 21 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after buying an additional 22 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 0.2 %

Shares of EME opened at $448.80 on Tuesday. The business’s 50-day moving average price is $483.05 and its 200-day moving average price is $439.71. EMCOR Group, Inc. has a twelve month low of $229.75 and a twelve month high of $545.29. The stock has a market cap of $20.64 billion, a PE ratio of 22.79 and a beta of 1.11.

EMCOR Group Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective 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 company’s stock. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

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.