EMCOR Group, Inc. (NYSE:EME) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 30.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,830 shares of the construction company’s stock after selling 13,070 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.06% of EMCOR Group worth $13,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Caprock Group LLC lifted its stake in shares of EMCOR Group by 0.4% in the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after purchasing an additional 22 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after acquiring an additional 25 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after acquiring an additional 26 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of EMCOR Group by 13.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after acquiring an additional 27 shares during the period. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of EMCOR Group by 3.8% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock worth $357,000 after acquiring an additional 30 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Up 1.6 %

Shares of NYSE:EME opened at $535.70 on Thursday. The company has a market capitalization of $24.64 billion, a P/E ratio of 27.21 and a beta of 1.12. The stock’s fifty day simple moving average is $488.15 and its 200-day simple moving average is $433.93. EMCOR Group, Inc. has a 52-week low of $219.07 and a 52-week high of $545.30.

EMCOR Group (NYSE:EME) last released its quarterly 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. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the company earned $3.61 EPS. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

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.