SteelPeak Wealth LLC Has $660,000 Stake in EMCOR Group, Inc. (NYSE:EME)

SteelPeak Wealth LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 25.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,455 shares of the construction company’s stock after acquiring an additional 295 shares during the period. SteelPeak Wealth LLC’s holdings in EMCOR Group were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at about $33,000. Anchor Investment Management LLC increased its holdings in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. True Wealth Design LLC raised its position in EMCOR Group by 3,466.7% in the 3rd 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 last quarter. Northwest Investment Counselors LLC acquired a new position in EMCOR Group during the 3rd quarter worth $49,000. Finally, SJS Investment Consulting Inc. boosted its position in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

EMCOR Group stock opened at $449.31 on Friday. EMCOR Group, Inc. has a fifty-two week low of $226.99 and a fifty-two week high of $545.29. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of 22.82 and a beta of 1.12. The company’s 50 day simple moving average is $485.73 and its 200 day simple moving average is $438.27.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.61 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group’s payout ratio is 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.