Mutual of America Capital Management LLC Lowers Stake in EMCOR Group, Inc. (NYSE:EME)

Mutual of America Capital Management LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,349 shares of the construction company’s stock after selling 3,663 shares during the period. Mutual of America Capital Management LLC owned 0.08% of EMCOR Group worth $12,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Select Equity Group L.P. increased its position in shares of EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company’s stock valued at $482,951,000 after acquiring an additional 16,563 shares during the period. Northern Trust Corp grew its position in shares of EMCOR Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company’s stock valued at $250,046,000 after acquiring an additional 102,738 shares during the period. First Trust Advisors LP grew its position in shares of EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock valued at $225,332,000 after acquiring an additional 129,186 shares during the period. AQR Capital Management LLC lifted its stake in EMCOR Group by 13.6% in the 4th quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company’s stock valued at $222,332,000 after buying an additional 58,483 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in EMCOR Group by 1.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 482,453 shares of the construction company’s stock valued at $218,985,000 after buying an additional 7,799 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME opened at $620.98 on Thursday. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business has a 50 day moving average price of $537.07 and a 200 day moving average price of $459.69. The company has a market capitalization of $27.79 billion, a P/E ratio of 25.77 and a beta of 1.27.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.25 earnings per share. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 4.15%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. Stifel Nicolaus boosted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Baird R W raised shares of EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Finally, UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $611.17.

About EMCOR Group

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.