111 Capital Takes Position in EMCOR Group, Inc. (NYSE:EME)

111 Capital purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 755 shares of the construction company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its holdings in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC bought a new position in EMCOR Group in the fourth quarter valued at about $40,000. Summit Securities Group LLC purchased a new position in EMCOR Group in the fourth quarter worth about $45,000. Park Square Financial Group LLC bought a new stake in shares of EMCOR Group during the 4th quarter valued at about $48,000. Finally, True Wealth Design LLC increased its position in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer now directly owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,197 shares of company stock worth $3,905,748 over the last three months. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Stock Performance

Shares of EME traded down $3.23 during midday trading on Monday, hitting $468.63. 171,796 shares of the company traded hands, compared to its average volume of 454,849. The stock has a market cap of $20.97 billion, a price-to-earnings ratio of 23.76 and a beta of 1.18. The firm has a 50 day moving average of $413.49 and a 200-day moving average of $441.37. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate 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 business posted $4.17 earnings per share. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically 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. Stockholders of record on Thursday, April 17th were paid 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 presently 4.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, EMCOR Group 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.