447 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 447 shares of the construction company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in EMCOR Group in the 3rd quarter valued at $33,000. Anchor Investment Management LLC grew its holdings in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC raised its position in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EMCOR Group in the third quarter worth about $49,000. Finally, Prospera Private Wealth LLC acquired a new position in EMCOR Group during the third quarter worth about $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 0.8 %

NYSE:EME opened at $507.12 on Monday. The company has a market capitalization of $23.33 billion, a P/E ratio of 25.75 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $217.22 and a 52 week high of $532.38. The stock’s fifty day moving average is $488.17 and its two-hundred day moving average is $431.82.

EMCOR Group (NYSE:EME) last announced 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 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%. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $518.75.

About EMCOR Group

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.