Crossmark Global Holdings Inc. grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,943 shares of the construction company’s stock after acquiring an additional 723 shares during the period. Crossmark Global Holdings Inc.’s holdings in EMCOR Group were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group during the third quarter valued at about $33,000. Anchor Investment Management LLC raised its holdings in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares during the period. True Wealth Design LLC raised its stake 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 acquiring an additional 104 shares during the period. Northwest Investment Counselors LLC bought a new stake in EMCOR Group in the third quarter worth about $49,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $55,000. Institutional investors own 92.59% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, 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 target on the stock. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.
EMCOR Group Stock Up 1.6 %
Shares of EMCOR Group stock opened at $535.70 on Thursday. The business’s fifty day simple moving average is $488.15 and its 200-day simple moving average is $433.93. The firm has a market cap of $24.64 billion, a PE ratio of 27.21 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $219.07 and a 52 week high of $545.30.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $3.61 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.
EMCOR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s payout ratio is currently 5.08%.
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.
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