Curated Wealth Partners LLC bought a new position in EMCOR Group, Inc. (NYSE:EME – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,448 shares of the construction company’s stock, valued at approximately $1,092,000.
Several other institutional investors also recently bought and sold shares of the business. Ascentis Independent Advisors acquired a new position in EMCOR Group in the first quarter valued at $27,000. NBH Bank purchased a new position in EMCOR Group during the second quarter worth about $27,000. GK Wealth Management LLC acquired a new stake in EMCOR Group in the 3rd quarter worth about $31,000. Basecamp Wealth Advisors LLC boosted its stake in EMCOR Group by 4,700.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after buying an additional 47 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in EMCOR Group in the 2nd quarter worth about $38,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.
EMCOR Group Stock Performance
Shares of EME traded down $22.53 during trading hours on Thursday, hitting $722.82. The stock had a trading volume of 147,406 shares, compared to its average volume of 390,691. The firm has a market cap of $31.88 billion, a P/E ratio of 22.51 and a beta of 1.12. The company’s fifty day simple moving average is $773.61 and its 200 day simple moving average is $802.47. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.
Wall Street Analyst Weigh In
Several research firms have commented on EME. Weiss Ratings cut EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. UBS Group reiterated a “buy” rating on shares of EMCOR Group in a report on Friday, October 9th. Cantor Fitzgerald decreased their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Oppenheimer boosted their target price on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat.com, EMCOR Group has an average rating of “Buy” and an average target price of $1,014.17.
Get Our Latest Analysis on EME
EMCOR Group Profile
EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.
Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.
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