Fox Run Management L.L.C. bought a new position in EMCOR Group, Inc. (NYSE:EME) during the second quarter, Holdings Channel reports. The firm bought 6,700 shares of the construction company’s stock, valued at approximately $438,000.

Several other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC increased its stake in EMCOR Group by 38.4% in the first quarter. Nuveen Asset Management LLC now owns 236,329 shares of the construction company’s stock worth $14,877,000 after buying an additional 65,564 shares during the period. Goldman Sachs Group Inc. increased its stake in EMCOR Group by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,570,968 shares of the construction company’s stock worth $98,893,000 after buying an additional 25,422 shares during the period. Credit Suisse AG increased its stake in EMCOR Group by 24.9% in the first quarter. Credit Suisse AG now owns 107,145 shares of the construction company’s stock worth $6,744,000 after buying an additional 21,379 shares during the period. Tudor Investment Corp ET AL increased its stake in EMCOR Group by 85.9% in the first quarter. Tudor Investment Corp ET AL now owns 15,032 shares of the construction company’s stock worth $946,000 after buying an additional 6,948 shares during the period. Finally, Paloma Partners Management Co increased its stake in EMCOR Group by 59.7% in the first quarter. Paloma Partners Management Co now owns 22,040 shares of the construction company’s stock worth $1,387,000 after buying an additional 8,238 shares during the period. Institutional investors own 93.72% of the company’s stock.

Shares of EMCOR Group, Inc. (NYSE EME) opened at 65.03 on Monday. EMCOR Group, Inc. has a 1-year low of $50.08 and a 1-year high of $73.44. The company has a market capitalization of $3.85 billion, a P/E ratio of 19.82 and a beta of 0.88. The company’s 50 day moving average is $64.62 and its 200-day moving average is $66.00.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, April 27th. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.68 by $0.20. EMCOR Group had a net margin of 2.60% and a return on equity of 13.37%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the company earned $0.57 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts forecast that EMCOR Group, Inc. will post $3.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Monday, July 17th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.32 annualized dividend and a yield of 0.49%. EMCOR Group’s dividend payout ratio is presently 9.76%.

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Separately, Zacks Investment Research raised shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 price target for the company in a research note on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.25.

EMCOR Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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

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