CCM Investment Advisers LLC Sells 3,641 Shares of EMCOR Group, Inc. (NYSE:EME)

CCM Investment Advisers LLC reduced its holdings in EMCOR Group, Inc. (NYSE:EME) by 10.3% during the 4th quarter, HoldingsChannel reports. The firm owned 31,690 shares of the construction company’s stock after selling 3,641 shares during the quarter. EMCOR Group comprises about 1.6% of CCM Investment Advisers LLC’s investment portfolio, making the stock its 27th biggest position. CCM Investment Advisers LLC’s holdings in EMCOR Group were worth $14,384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EME. Wealth Enhancement Advisory Services LLC grew its position in EMCOR Group by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,189 shares of the construction company’s stock worth $5,248,000 after acquiring an additional 40 shares during the last quarter. Private Client Services LLC lifted its holdings in EMCOR Group by 35.8% during the 4th quarter. Private Client Services LLC now owns 3,253 shares of the construction company’s stock worth $1,477,000 after buying an additional 857 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of EMCOR Group by 2.6% in the 4th quarter. Fulton Bank N.A. now owns 2,493 shares of the construction company’s stock valued at $1,132,000 after buying an additional 64 shares during the period. Diversified Trust Co raised its position in shares of EMCOR Group by 46.4% during the fourth quarter. Diversified Trust Co now owns 3,527 shares of the construction company’s stock worth $1,601,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Fortem Financial Group LLC boosted its holdings in EMCOR Group by 0.5% in the fourth quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock valued at $3,167,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EME shares. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Down 2.6 %

Shares of EME traded down $12.47 during trading hours on Friday, reaching $463.39. The stock had a trading volume of 102,600 shares, compared to its average volume of 343,613. The company has a market cap of $21.32 billion, a P/E ratio of 23.53 and a beta of 1.09. EMCOR Group, Inc. has a 52 week low of $217.08 and a 52 week high of $532.38. The firm has a 50-day moving average of $487.41 and a 200 day moving average of $425.83.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $3.61 EPS. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.