Brown Miller Wealth Management LLC Buys Shares of 664 EMCOR Group, Inc. (NYSE:EME)

Brown Miller Wealth Management LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 664 shares of the construction company's stock, valued at approximately $245,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Select Equity Group L.P. grew its position in EMCOR Group by 1.6% during the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after buying an additional 16,563 shares in the last quarter. Geode Capital Management LLC increased its stake in EMCOR Group by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock valued at $463,320,000 after acquiring an additional 25,502 shares during the period. Norges Bank acquired a new stake in shares of EMCOR Group during the 4th quarter worth approximately $299,855,000. Finally, Northern Trust Corp grew its holdings in shares of EMCOR Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after purchasing an additional 102,738 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of several analyst reports. UBS Group assumed coverage on shares of EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 price target on the stock. Wall Street Zen lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $509.60.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer now owns 208,989 shares of the company's stock, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, the director now owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Price Performance

EMCOR Group stock traded down $0.02 on Friday, reaching $485.19. The company's stock had a trading volume of 1,390,869 shares, compared to its average volume of 455,926. The business's fifty day moving average price is $444.11 and its 200 day moving average price is $439.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 21.44 and a beta of 1.23. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the company posted $4.17 EPS. The company's quarterly revenue was up 12.7% compared to the same quarter last year. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's dividend payout ratio is 4.42%.

EMCOR Group announced that its Board of Directors has approved a stock 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 reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

EMCOR Group Profile

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.