WCM Investment Management LLC Acquires 22 Shares of EMCOR Group, Inc. (NYSE:EME)

WCM Investment Management LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,971 shares of the construction company’s stock after buying an additional 22 shares during the period. WCM Investment Management LLC’s holdings in EMCOR Group were worth $6,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Matrix Trust Co acquired a new position in EMCOR Group in the 2nd quarter valued at $26,000. Proffitt & Goodson Inc. bought a new position in EMCOR Group in the 2nd quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Innealta Capital LLC bought a new stake in EMCOR Group during the second quarter worth $29,000. Finally, ORG Partners LLC acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at $31,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Up 1.3 %

Shares of EME stock opened at $520.59 on Tuesday. The business’s 50-day moving average price is $429.51 and its 200-day moving average price is $392.63. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31. The firm has a market capitalization of $23.95 billion, a price-to-earnings ratio of 26.44 and a beta of 1.07.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion for 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%. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.61 earnings per share. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EME shares. DA Davidson raised their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

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.