DRW Securities LLC Buys 643 Shares of EMCOR Group, Inc. (NYSE:EME)

DRW Securities LLC raised its stake in EMCOR Group, Inc. (NYSE:EME) by 21.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,643 shares of the construction company’s stock after acquiring an additional 643 shares during the quarter. DRW Securities LLC’s holdings in EMCOR Group were worth $1,568,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of 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 acquired a new position in shares of EMCOR Group during the 1st quarter worth approximately $261,000. Caxton Associates LP acquired a new position in shares of EMCOR Group during the 1st quarter worth approximately $929,000. Bayesian Capital Management LP grew its position in shares of EMCOR Group by 18.4% during the 1st quarter. Bayesian Capital Management LP now owns 2,668 shares of the construction company’s stock worth $934,000 after purchasing an additional 415 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of EMCOR Group by 66.8% during the 1st quarter. Janus Henderson Group PLC now owns 37,611 shares of the construction company’s stock worth $13,171,000 after purchasing an additional 15,066 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EME. Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 price target on the stock. Finally, 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 target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Up 1.2 %

NYSE EME opened at $510.91 on Tuesday. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 25.95 and a beta of 1.07. The firm’s 50 day simple moving average is $457.00 and its 200 day simple moving average is $402.97. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38.

EMCOR Group (NYSE:EME) last posted 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. 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 company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s payout ratio is presently 5.08%.

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.