EMCOR Group, Inc. (NYSE:EME) Stock Holdings Increased by Archer Investment Corp

Archer Investment Corp increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1,405.9% during the third quarter, Holdings Channel reports. The fund owned 768 shares of the construction company’s stock after acquiring an additional 717 shares during the quarter. Archer Investment Corp’s holdings in EMCOR Group were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new stake in shares of EMCOR Group during the 2nd quarter valued at $26,000. Proffitt & Goodson Inc. bought a new position in EMCOR Group in the 2nd quarter worth $27,000. ORG Wealth Partners LLC bought a new position in EMCOR Group in the 3rd quarter worth $33,000. Innealta Capital LLC bought a new position in shares of EMCOR Group during the 2nd quarter worth about $29,000. Finally, ORG Partners LLC bought a new position in shares of EMCOR Group during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

EMCOR Group Stock Performance

NYSE:EME traded up $3.82 during trading hours on Friday, hitting $501.93. The stock had a trading volume of 60,242 shares, compared to its average volume of 433,210. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 25.31 and a beta of 1.07. The business’s 50 day moving average is $438.03 and its 200-day moving average is $395.70.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.61 earnings per share. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.