First Western Trust Bank Makes New $214,000 Investment in EMCOR Group, Inc. (NYSE:EME)

First Western Trust Bank bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 498 shares of the construction company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC raised its holdings in EMCOR Group by 43.0% during the third quarter. Quest Partners LLC now owns 3,217 shares of the construction company’s stock worth $1,385,000 after buying an additional 968 shares during the last quarter. TrinityPoint Wealth LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $299,000. Claro Advisors LLC purchased a new stake in shares of EMCOR Group in the third quarter worth approximately $219,000. Mount Lucas Management LP grew its holdings in EMCOR Group by 2.5% during the third quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after buying an additional 34 shares in the last quarter. Finally, Archer Investment Corp raised its position in EMCOR Group by 1,405.9% in the 3rd quarter. Archer Investment Corp now owns 768 shares of the construction company’s stock valued at $331,000 after buying an additional 717 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on EME shares. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 target price for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, DA Davidson raised their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

EMCOR Group Stock Up 0.4 %

EME opened at $500.91 on Tuesday. The firm has a 50-day moving average price of $443.84 and a 200-day moving average price of $397.93. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 25.44 and a beta of 1.07.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $3.61 EPS. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend 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.