Twin Capital Management Inc. Has $2.12 Million Stock Holdings in EMCOR Group, Inc. $EME

Twin Capital Management Inc. trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 45.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,256 shares of the construction company’s stock after selling 2,746 shares during the quarter. Twin Capital Management Inc.’s holdings in EMCOR Group were worth $2,115,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $29,000. Orion Capital Management LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at about $31,000. Tobam boosted its position in shares of EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after buying an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group during the second quarter worth about $43,000. Finally, True Wealth Design LLC raised its position 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 buying an additional 70 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $764.85 on Friday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The stock has a market capitalization of $34.24 billion, a price-to-earnings ratio of 30.75 and a beta of 1.17. The business’s fifty day moving average price is $657.89 and its two-hundred day moving average price is $646.15.

EMCOR Group announced that its board has authorized a share repurchase plan on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were paid 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 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 6.43%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EME shares. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus boosted their price objective on shares of 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 raised their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.