New Mexico Educational Retirement Board grew its position in Emcor Group Inc (NYSE:EME) by 38.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,400 shares of the construction company’s stock after purchasing an additional 3,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Emcor Group were worth $822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BDO Wealth Advisors LLC raised its holdings in Emcor Group by 988.9% in the first quarter. BDO Wealth Advisors LLC now owns 490 shares of the construction company’s stock worth $30,000 after purchasing an additional 445 shares during the period. AXA increased its position in shares of Emcor Group by 96.5% during the fourth quarter. AXA now owns 28,300 shares of the construction company’s stock worth $2,442,000 after acquiring an additional 13,900 shares in the last quarter. Legal & General Group Plc increased its position in shares of Emcor Group by 7.0% during the first quarter. Legal & General Group Plc now owns 213,710 shares of the construction company’s stock worth $13,104,000 after acquiring an additional 13,892 shares in the last quarter. Americana Partners LLC bought a new stake in shares of Emcor Group during the fourth quarter worth $42,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Emcor Group during the fourth quarter worth $15,948,000. Institutional investors own 92.97% of the company’s stock.

Several equities research analysts have recently issued reports on EME shares. ValuEngine downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 8th. Maxim Group reissued a “hold” rating and set a $60.00 price objective on shares of Emcor Group in a research report on Wednesday, April 22nd. DA Davidson downgraded shares of Emcor Group from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Friday, May 1st. Finally, TheStreet downgraded shares of Emcor Group from a “b-” rating to a “c+” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Emcor Group has an average rating of “Hold” and a consensus target price of $75.00.

Emcor Group stock opened at $63.63 on Tuesday. The company has a market cap of $3.49 billion, a P/E ratio of 10.91 and a beta of 1.01. Emcor Group Inc has a 1-year low of $41.85 and a 1-year high of $93.54. The company has a fifty day simple moving average of $63.09 and a 200 day simple moving average of $72.11. The company has a current ratio of 1.50, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34.

Emcor Group (NYSE:EME) last released its earnings results on Thursday, April 30th. The construction company reported $1.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.35. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. Emcor Group had a net margin of 3.53% and a return on equity of 16.51%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. On average, equities research analysts forecast that Emcor Group Inc will post 4.3 EPS for the current year.

Emcor Group Company Profile

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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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