Archer Investment Corp Raises Holdings in EMCOR Group, Inc. (NYSE:EME)

Archer Investment Corp increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1,405.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 768 shares of the construction company’s stock after acquiring an additional 717 shares during the quarter. Archer Investment Corp’s holdings in EMCOR Group were worth $331,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Cumberland Partners Ltd raised its stake in shares of EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after acquiring an additional 1,500 shares during the period. Cetera Advisors LLC increased its stake in EMCOR Group by 165.3% during the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after buying an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the period. HBK Sorce Advisory LLC purchased a new stake in EMCOR Group during the 1st quarter worth $209,000. Finally, Gulf International Bank UK Ltd purchased a new stake in EMCOR Group during the 2nd quarter worth $1,405,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $3.82 during midday trading on Friday, hitting $501.93. The company’s stock had a trading volume of 60,242 shares, compared to its average volume of 433,210. The firm’s fifty day moving average price is $438.03 and its 200-day moving average price is $395.70. The firm has a market cap of $23.09 billion, a P/E ratio of 25.31 and a beta of 1.07. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $525.31.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.61 EPS. As a group, research analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s payout ratio is currently 5.08%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EME. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday. They set a “buy” rating and a $600.00 price target on the stock. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

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.