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

Mutual of America Capital Management LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 39,019 shares of the construction company’s stock after selling 1,824 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of EMCOR Group worth $16,799,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EME. Matrix Trust Co acquired a new stake in shares of EMCOR Group during the second quarter worth about $26,000. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group during the 2nd quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in EMCOR Group during the 2nd quarter worth approximately $29,000. ORG Partners LLC purchased a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $33,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EME shares. DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 price objective for the company. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Price Performance

EME opened at $498.86 on Friday. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31. The stock has a market capitalization of $22.95 billion, a P/E ratio of 25.34 and a beta of 1.07. The business has a 50 day simple moving average of $443.84 and a 200-day simple moving average of $397.35.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the company earned $3.61 earnings per share. EMCOR Group’s quarterly revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. 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.