Strs Ohio Buys 7,700 Shares of EMCOR Group, Inc. (NYSE:EME)
Strs Ohio increased its position in EMCOR Group, Inc. (NYSE:EME) by 44.5% during the second quarter, Holdings Channel reports. The institutional investor owned 25,000 shares of the construction company’s stock after buying an additional 7,700 shares during the period. Strs Ohio’s holdings in EMCOR Group were worth $1,634,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its stake in 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. Meadow Creek Investment Management LLC boosted its stake in 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. Glen Harbor Capital Management LLC boosted its stake in 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. Laurion Capital Management LP bought a new stake in EMCOR Group during the first quarter worth approximately $201,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in EMCOR Group by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,231 shares of the construction company’s stock worth $203,000 after buying an additional 20 shares in the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EMCOR Group, Inc. (NYSE EME) opened at 65.15 on Friday. EMCOR Group, Inc. has a 52-week low of $54.89 and a 52-week high of $73.44. The company’s 50 day moving average price is $66.06 and its 200 day moving average price is $65.16. The stock has a market capitalization of $3.86 billion, a PE ratio of 19.53 and a beta of 0.89.
EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.15. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company posted $0.95 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that EMCOR Group, Inc. will post $3.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, July 13th. EMCOR Group’s dividend payout ratio is currently 9.61%.
A number of research firms have recently commented on EME. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, July 31st. BidaskClub cut EMCOR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus 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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