Fortem Financial Group LLC Boosts Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Fortem Financial Group LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,946 shares of the construction company’s stock after buying an additional 459 shares during the period. EMCOR Group makes up 1.2% of Fortem Financial Group LLC’s investment portfolio, making the stock its 20th biggest holding. Fortem Financial Group LLC’s holdings in EMCOR Group were worth $2,990,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Proffitt & Goodson Inc. purchased a new position in EMCOR Group in the 2nd quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group in the third quarter valued at $33,000. Innealta Capital LLC purchased a new position in shares of EMCOR Group in the second quarter valued at $29,000. ORG Partners LLC purchased a new position in EMCOR Group during the 2nd quarter valued at about $31,000. Finally, Anchor Investment Management LLC increased its position in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

EMCOR Group Price Performance

EME stock opened at $474.41 on Wednesday. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $532.38. The stock has a market cap of $21.82 billion, a PE ratio of 24.09 and a beta of 1.09. The firm has a 50 day simple moving average of $476.05 and a two-hundred day simple moving average of $413.24.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business earned $3.61 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s payout ratio is currently 5.08%.

EMCOR Group Company 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.