Mather Group LLC. Has $97,000 Holdings in EMCOR Group, Inc. (NYSE:EME)

Mather Group LLC. trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 27.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225 shares of the construction company’s stock after selling 85 shares during the period. Mather Group LLC.’s holdings in EMCOR Group were worth $97,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Matrix Trust Co acquired a new stake in shares of EMCOR Group during the 2nd quarter worth approximately $26,000. Proffitt & Goodson Inc. acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of EMCOR Group in the 2nd quarter valued at $29,000. ORG Partners LLC acquired a new position in shares of EMCOR Group during the 2nd quarter worth $31,000. Finally, Independence Bank of Kentucky bought a new stake in shares of EMCOR Group during the 1st quarter worth $33,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME opened at $450.45 on Friday. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $450.55. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 29.71 and a beta of 1.07. The stock has a fifty day moving average of $393.89 and a 200-day moving average of $377.04.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the firm earned $2.95 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EME. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. DA Davidson lifted their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

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.