Caprock Group LLC Purchases New Holdings in EMCOR Group, Inc. $EME

Caprock Group LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 5,166 shares of the construction company’s stock, valued at approximately $3,203,000.

Several other institutional investors also recently modified their holdings of EME. Quent Capital LLC acquired a new position in shares of EMCOR Group in the third quarter valued at $29,000. Orion Capital Management LLC acquired a new stake in EMCOR Group during the third quarter worth $31,000. Tobam increased its holdings in EMCOR Group by 1,900.0% in 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 period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at $43,000. Finally, True Wealth Design LLC raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EME shares. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Robert W. Baird set a $713.00 price objective on EMCOR Group in a report on Friday, October 31st. DA Davidson increased their target price on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus raised their target price on EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $698.83.

EMCOR Group Stock Performance

Shares of EME stock opened at $782.07 on Friday. The stock’s fifty day moving average is $671.46 and its 200-day moving average is $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 capitalization of $35.01 billion, a PE 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. Shareholders of record on Wednesday, January 14th were paid a $0.40 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, January 14th. EMCOR Group’s payout ratio is presently 6.43%.

EMCOR Group declared that its Board of Directors has approved a share buyback plan on Thursday, December 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

EMCOR Group Company 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.