Foundry Partners LLC Makes New $701,000 Investment in EMCOR Group, Inc. (NYSE:EME)

Foundry Partners LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,628 shares of the construction company’s stock, valued at approximately $701,000.

A number of other large investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its stake in EMCOR Group by 20.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,643 shares of the construction company’s stock valued at $11,437,000 after acquiring an additional 5,633 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of EMCOR Group in the 1st quarter valued at approximately $330,000. Price T Rowe Associates Inc. MD increased its stake in EMCOR Group by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock worth $50,711,000 after purchasing an additional 13,995 shares in the last quarter. Ascent Group LLC bought a new stake in EMCOR Group during the 1st quarter worth approximately $261,000. Finally, Caxton Associates LP bought a new position in EMCOR Group in the first quarter valued at approximately $929,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $504.85 on Friday. The company’s 50-day moving average price is $454.82 and its two-hundred day moving average price is $401.69. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $532.38. The stock has a market capitalization of $23.22 billion, a PE ratio of 25.64 and a beta of 1.07.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors 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 dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EME. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 price objective for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. Northcoast Research began coverage on EMCOR Group in a report on Friday. They set a “buy” rating and a $600.00 price objective for the company. Finally, DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

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.