Foundry Partners LLC boosted its position in EMCOR Group, Inc. (NYSE:EME) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,406 shares of the construction company’s stock after buying an additional 3,553 shares during the period. Foundry Partners LLC’s holdings in EMCOR Group were worth $11,664,000 at the end of the most recent quarter.

A number of other institutional 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 worth $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 worth $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 worth $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 worth $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 worth $180,000 after buying an additional 224 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.

EMCOR Group, Inc. (NYSE EME) opened at 65.15 on Friday. EMCOR Group, Inc. has a one year low of $54.89 and a one year high of $73.44. The company has a 50-day moving average of $66.06 and a 200 day moving average of $65.16. The company has a market cap of $3.86 billion, a P/E ratio of 19.53 and a beta of 0.89.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts anticipate that EMCOR Group, Inc. will post $3.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 17th were issued a $0.08 dividend. The ex-dividend date was Thursday, July 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. EMCOR Group’s payout ratio is 9.61%.

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A number of equities research analysts have weighed in on EME shares. Zacks Investment Research upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, July 31st. BidaskClub downgraded shares of EMCOR Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $69.75.

About EMCOR Group

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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