Short Interest in EMCOR Group, Inc. (NYSE:EME) Expands By 12.9%

EMCOR Group, Inc. (NYSE:EME) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 490,200 shares, an increase of 12.9% from the December 15th total of 434,000 shares. Based on an average daily trading volume, of 377,200 shares, the short-interest ratio is currently 1.3 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On EMCOR Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at approximately $33,000. Anchor Investment Management LLC grew its stake in shares of 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 acquiring an additional 50 shares during the period. True Wealth Design LLC grew its stake in shares of EMCOR Group by 3,466.7% during the 3rd 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 position in shares of EMCOR Group during the 3rd quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Down 0.8 %

NYSE:EME traded down $3.88 during mid-day trading on Friday, reaching $507.12. The company’s stock had a trading volume of 375,221 shares, compared to its average volume of 305,268. EMCOR Group has a 12-month low of $217.22 and a 12-month high of $532.38. The firm’s fifty day moving average price is $488.17 and its two-hundred day moving average price is $430.88. The stock has a market cap of $23.33 billion, a P/E ratio of 25.75 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. Analysts predict that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

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

EMCOR Group Company 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.