Inspire Investing LLC Sells 580 Shares of EMCOR Group, Inc. (NYSE:EME)

Inspire Investing LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,040 shares of the construction company’s stock after selling 580 shares during the period. EMCOR Group comprises approximately 0.7% of Inspire Investing LLC’s holdings, making the stock its 21st biggest position. Inspire Investing LLC’s holdings in EMCOR Group were worth $6,373,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL raised its stake in EMCOR Group by 61.1% during the 2nd quarter. Blair William & Co. IL now owns 2,483 shares of the construction company’s stock worth $907,000 after acquiring an additional 942 shares during the period. AE Wealth Management LLC raised its stake in EMCOR Group by 183.8% during the 2nd quarter. AE Wealth Management LLC now owns 1,629 shares of the construction company’s stock worth $595,000 after acquiring an additional 1,055 shares during the period. Ensign Peak Advisors Inc raised its stake in EMCOR Group by 50.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 29,977 shares of the construction company’s stock worth $10,944,000 after acquiring an additional 10,030 shares during the period. Bank of Montreal Can raised its stake in EMCOR Group by 56.2% during the 2nd quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock worth $4,708,000 after acquiring an additional 4,380 shares during the period. Finally, Xponance Inc. raised its position in shares of EMCOR Group by 28.9% during the second quarter. Xponance Inc. now owns 9,048 shares of the construction company’s stock valued at $3,303,000 after buying an additional 2,026 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 1.6 %

NYSE EME opened at $535.70 on Thursday. The company has a fifty day moving average of $488.15 and a two-hundred day moving average of $433.93. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 27.21 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $219.07 and a 52 week high of $545.30.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.61 earnings per share. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. EMCOR Group’s payout ratio is currently 5.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EME shares. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Finally, Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus 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.