EMCOR Group, Inc. (NYSE:EME) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its position in EMCOR Group, Inc. (NYSE:EME) by 73.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,277 shares of the construction company’s stock after selling 47,464 shares during the quarter. Leeward Investments LLC MA’s holdings in EMCOR Group were worth $7,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EME. Matrix Trust Co purchased a new stake in EMCOR Group during the 2nd quarter worth approximately $26,000. Proffitt & Goodson Inc. purchased a new stake in shares of EMCOR Group during the second quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the third quarter valued at $33,000. Innealta Capital LLC acquired a new stake in shares of EMCOR Group in the second quarter valued at $29,000. Finally, ORG Partners LLC purchased a new position in EMCOR Group in the second quarter valued at $31,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EME shares. DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Price Performance

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. The stock’s fifty day moving average is $427.08 and its two-hundred day moving average is $390.62. EMCOR Group, Inc. has a 1-year low of $207.31 and a 1-year high of $509.46.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, October 15th. 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.