EMCOR Group, Inc. (NYSE:EME) to Issue $0.25 Quarterly Dividend

EMCOR Group, Inc. (NYSE:EME - Get Free Report) announced a quarterly dividend on Thursday, July 3rd, RTT News reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.25 per share by the construction company on Thursday, July 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%.

EMCOR Group has a payout ratio of 3.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect EMCOR Group to earn $22.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 4.5%.

EMCOR Group Stock Performance

Shares of EME traded up $4.84 on Friday, reaching $546.64. The company's stock had a trading volume of 302,472 shares, compared to its average volume of 450,502. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. EMCOR Group has a 12-month low of $319.49 and a 12-month high of $550.18. The stock has a market capitalization of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24. The stock's 50 day simple moving average is $474.05 and its two-hundred day simple moving average is $441.49.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the firm earned $4.17 earnings per share. The company's revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts forecast that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director owned 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EMCOR Group stock. Geneos Wealth Management Inc. lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 93.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220 shares of the construction company's stock after purchasing an additional 106 shares during the period. Geneos Wealth Management Inc.'s holdings in EMCOR Group were worth $81,000 at the end of the most recent quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EME has been the topic of several recent analyst reports. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. UBS Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 price objective on the stock. William Blair started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating on the stock. TD Securities started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Finally, Stifel Nicolaus reduced their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $518.00.

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.