First Horizon Advisors Inc. Buys 27 Shares of EMCOR Group, Inc. (NYSE:EME)

First Horizon Advisors Inc. raised its stake in EMCOR Group, Inc. (NYSE:EME) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 235 shares of the construction company’s stock after purchasing an additional 27 shares during the quarter. First Horizon Advisors Inc.’s holdings in EMCOR Group were worth $101,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in EMCOR Group by 14.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 28,506 shares of the construction company’s stock valued at $12,273,000 after buying an additional 3,557 shares during the last quarter. Commerce Bank increased its position in shares of EMCOR Group by 225.0% in the third quarter. Commerce Bank now owns 10,141 shares of the construction company’s stock valued at $4,366,000 after acquiring an additional 7,021 shares during the period. Strategy Asset Managers LLC bought a new position in shares of EMCOR Group during the third quarter valued at about $382,000. Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group during the third quarter worth about $55,000. Finally, Thompson Davis & CO. Inc. grew its stake in shares of EMCOR Group by 62.8% in the third quarter. Thompson Davis & CO. Inc. now owns 1,400 shares of the construction company’s stock worth $603,000 after purchasing an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday. They issued a “sell” rating and a $445.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday. They set a “buy” rating and a $600.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $504.92 on Friday. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07. The company has a 50-day moving average of $457.00 and a 200 day moving average of $402.62.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating 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 the consensus estimate of $3.77 billion. During the same quarter last year, the firm earned $3.61 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

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.