2,031 Shares in EMCOR Group, Inc. $EME Purchased by Krilogy Financial LLC

Krilogy Financial LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,031 shares of the construction company’s stock, valued at approximately $1,372,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in shares of EMCOR Group during the third quarter valued at approximately $29,000. Orion Capital Management LLC bought a new stake in EMCOR Group in the 3rd quarter worth approximately $31,000. Tobam raised its stake in EMCOR Group by 1,900.0% during the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after buying an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in EMCOR Group during the 2nd quarter valued at $43,000. Finally, True Wealth Design LLC lifted its holdings in shares of EMCOR Group by 333.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson lifted their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average target price of $698.83.

EMCOR Group Stock Down 3.3%

Shares of EME opened at $782.07 on Friday. The business has a 50-day simple moving average of $671.46 and a two-hundred day simple moving average of $651.67. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $835.00. The stock has a market cap of $35.01 billion, a price-to-earnings ratio of 31.45 and a beta of 1.17.

EMCOR Group announced that its board has approved a share buyback plan on Thursday, December 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 annualized dividend and a yield of 0.2%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is currently 6.43%.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.