Lindenwold Advisors INC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Lindenwold Advisors INC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, Holdings Channel reports. The fund acquired 1,061 shares of the construction company’s stock, valued at approximately $457,000.

Several other hedge funds have also made changes to their positions in EME. Cassaday & Co Wealth Management LLC boosted its position in shares of EMCOR Group by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock worth $357,000 after buying an additional 30 shares during the period. Mount Lucas Management LP raised its holdings in shares of EMCOR Group by 2.5% during the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock valued at $598,000 after buying an additional 34 shares during the period. CIBC Asset Management Inc lifted its position in EMCOR Group by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock worth $587,000 after acquiring an additional 43 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in EMCOR Group by 0.8% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,773 shares of the construction company’s stock worth $2,486,000 after acquiring an additional 45 shares during the period. Finally, Miller Howard Investments Inc. NY grew its position in EMCOR Group by 2.2% in the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Stock Up 0.4 %

Shares of EME opened at $500.91 on Tuesday. The firm has a market cap of $23.04 billion, a price-to-earnings ratio of 25.44 and a beta of 1.07. The business’s 50 day moving average is $443.84 and its two-hundred day moving average is $397.93. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $525.31.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion for 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 firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.61 earnings per share. On average, equities analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared 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 of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 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.