EMCOR Group, Inc. (NYSE:EME) Plans Quarterly Dividend of $0.25

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

EMCOR Group has a dividend payout ratio of 3.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE EME traded up $4.84 during trading on Thursday, hitting $546.64. The company had a trading volume of 302,472 shares, compared to its average volume of 449,861. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $550.40. The business's 50-day moving average is $471.34 and its 200 day moving average is $441.16. The company has a market cap of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16.

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

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's 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 transaction, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group 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 sale, the chief executive officer directly owned 208,989 shares of the company's stock, 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. Company insiders own 0.83% of the company's stock.

Institutional Trading of EMCOR Group

A hedge fund recently raised its stake in EMCOR Group stock. Great Lakes Advisors LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 32.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 590 shares of the construction company's stock after purchasing an additional 144 shares during the period. Great Lakes Advisors LLC's holdings in EMCOR Group were worth $218,000 as of its most recent SEC filing. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on EME shares. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. TD Securities started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. UBS Group began 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. Finally, Stifel Nicolaus cut their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.