Los Angeles Capital Management LLC Has $100.30 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Los Angeles Capital Management LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 33.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 232,969 shares of the construction company’s stock after acquiring an additional 57,871 shares during the quarter. Los Angeles Capital Management LLC’s holdings in EMCOR Group were worth $100,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Matrix Trust Co acquired a new stake in shares of EMCOR Group in the second quarter worth $26,000. Proffitt & Goodson Inc. acquired a new stake in shares of EMCOR Group in the second quarter worth $27,000. Innealta Capital LLC acquired a new stake in shares of EMCOR Group in the second quarter worth $29,000. ORG Partners LLC acquired a new stake in shares of EMCOR Group in the second quarter worth $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the third quarter worth $33,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of several recent analyst reports. DA Davidson raised their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Price Performance

EME traded up $9.80 during trading on Friday, reaching $514.15. 593,427 shares of the stock traded hands, compared to its average volume of 320,007. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 26.11 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $207.36 and a fifty-two week high of $519.10. The stock’s 50-day simple moving average is $429.51 and its two-hundred day simple moving average is $392.25.

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, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations 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. Research analysts anticipate that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. 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.