Forte Capital LLC ADV Acquires 207 Shares of EMCOR Group, Inc. (NYSE:EME)

Forte Capital LLC ADV increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,095 shares of the construction company’s stock after acquiring an additional 207 shares during the quarter. Forte Capital LLC ADV’s holdings in EMCOR Group were worth $471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EME. Montag A & Associates Inc. bought a new position in shares of EMCOR Group during the first quarter worth approximately $1,772,000. Cetera Advisors LLC lifted its position in shares of EMCOR Group by 165.3% during the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after acquiring an additional 3,869 shares during the period. Sei Investments Co. grew its holdings in shares of EMCOR Group by 3.8% during the 1st quarter. Sei Investments Co. now owns 128,492 shares of the construction company’s stock worth $44,996,000 after purchasing an additional 4,647 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in shares of EMCOR Group in the first quarter worth $209,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after purchasing an additional 34,553 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.5 %

EMCOR Group stock opened at $504.48 on Friday. The stock has a market cap of $23.21 billion, a PE ratio of 25.62 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $207.31 and a 12-month high of $509.46. The business’s 50-day moving average price is $427.08 and its two-hundred day moving average price is $390.62.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company earned $3.61 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

Several research firms have commented on EME. DA Davidson raised their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

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.