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

Krilogy Financial LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,031 shares of the construction company’s stock, valued at approximately $1,372,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of EMCOR Group during the third quarter valued at approximately $29,000. Orion Capital Management LLC bought a new position in shares of EMCOR Group during the third quarter worth $31,000. Tobam grew its stake in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after acquiring an additional 76 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in EMCOR Group in the 2nd quarter valued at $43,000. Finally, True Wealth Design LLC increased its holdings in EMCOR Group by 333.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after acquiring an additional 70 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 3.3%

EME opened at $782.07 on Friday. The stock has a 50-day moving average of $671.46 and a 200 day moving average of $651.67. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $835.00. The firm has a market cap of $35.01 billion, a P/E ratio of 31.45 and a beta of 1.17.

EMCOR Group Increases Dividend

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

EMCOR Group announced that its Board of Directors has initiated a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

EME has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Robert W. Baird set a $713.00 price target on EMCOR Group in a report on Friday, October 31st. Stifel Nicolaus lifted their price objective on EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, DA Davidson upped 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $698.83.

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.