Benjamin Edwards Inc. Purchases 699 Shares of EMCOR Group, Inc. (NYSE:EME)

Benjamin Edwards Inc. grew its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,597 shares of the construction company's stock after purchasing an additional 699 shares during the quarter. Benjamin Edwards Inc.'s holdings in EMCOR Group were worth $1,633,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EME. Summit Securities Group LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at $45,000. SJS Investment Consulting Inc. boosted its position in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after buying an additional 25 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in shares of EMCOR Group by 2,063.6% in the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after buying an additional 227 shares during the period. Finally, GeoWealth Management LLC lifted its stake in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the transaction, the chief executive officer now owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director now owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock valued at $3,905,748 over the last three months. Corporate insiders own 1.26% of the company's stock.

EMCOR Group Stock Performance

NYSE EME opened at $434.61 on Thursday. The stock has a market cap of $19.45 billion, a P/E ratio of 22.07 and a beta of 1.18. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The stock has a 50 day simple moving average of $387.86 and a two-hundred day simple moving average of $442.36.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.17 earnings per share. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's dividend payout ratio is currently 4.42%.

Analyst Ratings Changes

A number of brokerages have commented on EME. Stifel Nicolaus decreased their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $494.50.

About EMCOR Group

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.

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