Systematic Financial Management LP boosted its position in Emcor (NYSE:EME) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,746 shares of the construction company’s stock after buying an additional 5,464 shares during the quarter. Systematic Financial Management LP’s holdings in Emcor were worth $18,995,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of EME. Reliance Trust Co. of Delaware acquired a new position in Emcor in the 4th quarter worth $203,000. Virtu Financial LLC acquired a new position in Emcor in the 4th quarter worth $206,000. Premia Global Advisors LLC acquired a new position in Emcor in the 4th quarter worth $210,000. Chevy Chase Trust Holdings Inc. acquired a new position in Emcor in the 4th quarter worth $212,000. Finally, Sciencast Management LP acquired a new position in Emcor in the 4th quarter worth $215,000. Hedge funds and other institutional investors own 93.38% of the company’s stock.
EME has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price objective on shares of Emcor in a report on Tuesday, February 27th. Zacks Investment Research lowered shares of Emcor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, DA Davidson restated a “neutral” rating on shares of Emcor in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Emcor currently has an average rating of “Hold” and a consensus price target of $86.00.
Emcor (NYSE:EME) last issued its earnings results on Thursday, April 26th. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.80 billion. Emcor had a net margin of 2.99% and a return on equity of 14.89%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. sell-side analysts forecast that Emcor will post 4.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Monday, April 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, April 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. Emcor’s dividend payout ratio (DPR) is presently 7.88%.
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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