Mutual of America Capital Management LLC Reduces Position in EMCOR Group, Inc. (NYSE:EME)

Mutual of America Capital Management LLC trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,503 shares of the construction company's stock after selling 25,553 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of EMCOR Group worth $8,941,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of EMCOR Group by 10.7% in the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company's stock worth $21,880,000 after purchasing an additional 9,752 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of EMCOR Group by 1.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company's stock worth $56,078,000 after purchasing an additional 2,880 shares during the last quarter. FMR LLC raised its position in EMCOR Group by 7.3% during the third quarter. FMR LLC now owns 3,551,683 shares of the construction company's stock valued at $747,239,000 after acquiring an additional 241,920 shares in the last quarter. Earnest Partners LLC purchased a new position in EMCOR Group during the third quarter valued at approximately $2,212,000. Finally, QRG Capital Management Inc. purchased a new position in EMCOR Group during the third quarter valued at approximately $444,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EME stock traded down $0.38 during trading on Friday, hitting $352.02. 373,940 shares of the company traded hands, compared to its average volume of 415,457. The stock's 50-day simple moving average is $306.97 and its 200 day simple moving average is $245.37. The company has a market cap of $16.57 billion, a PE ratio of 26.46 and a beta of 1.10. EMCOR Group, Inc. has a 1 year low of $154.00 and a 1 year high of $369.53.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, beating the consensus estimate of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company earned $2.63 earnings per share. EMCOR Group's quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts expect that EMCOR Group, Inc. will post 14.5 earnings per share for the current year.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.25 dividend. This is a positive change from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, April 15th. EMCOR Group's dividend payout ratio (DPR) is presently 5.41%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EME shares. DA Davidson reiterated a "buy" rating and set a $375.00 price target on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp started coverage on EMCOR Group in a research report on Wednesday, January 10th. They set a "sector weight" rating for the company.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the sale, the chief executive officer now directly owns 219,023 shares of the company's stock, valued at $70,010,701.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

EMCOR Group 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.