EMCOR Group, Inc. (NYSE:EME) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its position in EMCOR Group, Inc. (NYSE:EME) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,949 shares of the construction company’s stock after selling 642 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of EMCOR Group worth $10,741,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Matrix Trust Co acquired a new stake in EMCOR Group in the 2nd quarter valued at about $26,000. Proffitt & Goodson Inc. acquired a new stake in EMCOR Group during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in EMCOR Group during the second quarter worth approximately $29,000. ORG Partners LLC acquired a new position in EMCOR Group in the second quarter worth approximately $31,000. Finally, ORG Wealth Partners LLC bought a new position in shares of EMCOR Group in the third quarter valued at $33,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME opened at $507.95 on Friday. The company has a market capitalization of $23.37 billion, a PE ratio of 25.80 and a beta of 1.07. The company’s 50 day moving average price is $464.81 and its 200 day moving average price is $406.25. EMCOR Group, Inc. has a 52 week low of $209.31 and a 52 week high of $532.38.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations 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 company posted $3.61 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed 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 yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $518.75.

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.