Clark Estates Inc. NY maintained its stake in shares of Emcor Group Inc (NYSE:EME) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,600 shares of the construction company’s stock at the end of the second quarter. Clark Estates Inc. NY’s holdings in Emcor Group were worth $3,504,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Flinton Capital Management LLC raised its stake in shares of Emcor Group by 8.5% in the first quarter. Flinton Capital Management LLC now owns 1,632 shares of the construction company’s stock valued at $103,000 after buying an additional 128 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Emcor Group by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,920 shares of the construction company’s stock valued at $126,000 after buying an additional 1,320 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Emcor Group by 8.5% in the first quarter. Meadow Creek Investment Management LLC now owns 2,244 shares of the construction company’s stock valued at $141,000 after buying an additional 176 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Emcor Group by 10.8% in the second quarter. IFP Advisors Inc now owns 2,546 shares of the construction company’s stock valued at $166,000 after buying an additional 249 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Emcor Group by 8.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the construction company’s stock valued at $180,000 after buying an additional 224 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.

Shares of Emcor Group Inc (EME) opened at 65.21 on Friday. The stock has a 50 day moving average price of $66.04 and a 200-day moving average price of $65.18. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 19.55 and a beta of 0.89. Emcor Group Inc has a 1-year low of $54.89 and a 1-year high of $73.44.

Emcor Group (NYSE:EME) last posted its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.15. Emcor Group had a return on equity of 14.64% and a net margin of 3.00%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that Emcor Group Inc will post $3.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.32 annualized dividend and a yield of 0.49%. Emcor Group’s dividend payout ratio (DPR) is currently 9.61%.

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EME has been the subject of several research analyst reports. Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, July 31st. BidaskClub lowered Emcor Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.75.

Emcor Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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