Bridgeway Capital Management LLC Sells 7,410 Shares of EMCOR Group, Inc. (NYSE:EME)

Bridgeway Capital Management LLC trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 48.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,970 shares of the construction company's stock after selling 7,410 shares during the period. Bridgeway Capital Management LLC's holdings in EMCOR Group were worth $3,618,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Brevan Howard Capital Management LP increased its holdings in shares of EMCOR Group by 151.9% during the fourth quarter. Brevan Howard Capital Management LP now owns 23,816 shares of the construction company's stock valued at $10,810,000 after purchasing an additional 14,362 shares during the period. Bridgefront Capital LLC increased its holdings in shares of EMCOR Group by 70.3% during the fourth quarter. Bridgefront Capital LLC now owns 2,496 shares of the construction company's stock valued at $1,133,000 after purchasing an additional 1,030 shares during the period. Captrust Financial Advisors increased its holdings in shares of EMCOR Group by 34.0% during the fourth quarter. Captrust Financial Advisors now owns 7,596 shares of the construction company's stock valued at $3,448,000 after purchasing an additional 1,926 shares during the period. Caxton Associates LP acquired a new position in shares of EMCOR Group during the fourth quarter valued at $654,000. Finally, Baird Financial Group Inc. increased its holdings in shares of EMCOR Group by 80.8% during the fourth quarter. Baird Financial Group Inc. now owns 10,395 shares of the construction company's stock valued at $4,718,000 after purchasing an additional 4,647 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of NYSE:EME traded down $1.39 during midday trading on Wednesday, reaching $470.99. The company had a trading volume of 228,166 shares, compared to its average volume of 468,045. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of 23.92 and a beta of 1.18. The company has a fifty day simple moving average of $393.05 and a two-hundred day simple moving average of $442.56.

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

EMCOR Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio is currently 4.42%.

Insider Buying and Selling

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated 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 of the company's stock, valued at approximately $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. Over the last three months, insiders sold 9,197 shares of company stock worth $3,905,748. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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