First National Bank of Hutchinson Lowers Position in EMCOR Group, Inc. $EME

First National Bank of Hutchinson cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 36.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,599 shares of the construction company’s stock after selling 922 shares during the period. First National Bank of Hutchinson’s holdings in EMCOR Group were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of EMCOR Group by 3.0% in the third quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock valued at $362,000 after purchasing an additional 16 shares during the last quarter. Woodward Diversified Capital LLC grew its position in EMCOR Group by 2.4% in the 3rd quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after purchasing an additional 18 shares in the last quarter. Altus Wealth Group LLC increased its stake in EMCOR Group by 1.4% in the 3rd quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock valued at $971,000 after buying an additional 20 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of EMCOR Group by 2.1% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after buying an additional 22 shares in the last quarter. Finally, Archer Investment Corp boosted its stake in shares of EMCOR Group by 2.6% in the 3rd quarter. Archer Investment Corp now owns 858 shares of the construction company’s stock worth $557,000 after buying an additional 22 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EME. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. DA Davidson boosted their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus increased their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the company a “buy” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $698.83.

EMCOR Group Price Performance

NYSE:EME opened at $764.85 on Friday. The company has a market capitalization of $34.24 billion, a P/E ratio of 30.75 and a beta of 1.17. The business has a fifty day simple moving average of $657.89 and a two-hundred day simple moving average of $646.75. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were paid a $0.40 dividend. The ex-dividend date was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio (DPR) is presently 6.43%.

EMCOR Group declared that its board has authorized a stock repurchase program on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

EMCOR Group Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.