Cooper Financial Group Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Cooper Financial Group grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 22.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,673 shares of the construction company’s stock after buying an additional 305 shares during the period. Cooper Financial Group’s holdings in EMCOR Group were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EME. Cumberland Partners Ltd grew its position in EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after acquiring an additional 1,500 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of EMCOR Group by 173.0% in the 3rd 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 during the last quarter. Independent Advisor Alliance boosted its holdings in shares of EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after purchasing an additional 1,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of EMCOR Group by 46.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company’s stock valued at $28,874,000 after purchasing an additional 21,385 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at $8,352,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EME shares. Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective 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. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

EME stock opened at $467.59 on Tuesday. The company has a market capitalization of $21.51 billion, a PE ratio of 23.75 and a beta of 1.12. EMCOR Group, Inc. has a 12 month low of $217.08 and a 12 month high of $532.38. The firm’s 50-day moving average is $487.81 and its 200 day moving average is $427.86.

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

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio is currently 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.