Advisor OS LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 569 shares of the construction company's stock, valued at approximately $210,000.
A number of other hedge funds have also recently made changes to their positions in EME. BankPlus Trust Department grew its position in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of EMCOR Group in the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the first quarter valued at approximately $30,000. Continuum Advisory LLC increased its position in 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 purchasing an additional 29 shares during the period. Finally, Dogwood Wealth Management LLC bought a new position in EMCOR Group during the 4th quarter worth approximately $40,000. 92.59% of the stock is owned by institutional investors and hedge funds.
EMCOR Group Stock Up 9.7%
Shares of NYSE:EME opened at $634.67 on Friday. 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, Inc. has a 52-week low of $319.49 and a 52-week high of $636.38. The business's 50 day simple moving average is $511.12 and its two-hundred day simple moving average is $451.70. The firm has a market cap of $28.41 billion, a P/E ratio of 28.05 and a beta of 1.24.
EMCOR Group (NYSE:EME - Get Free Report) last issued 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. The company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $4.17 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.42%.
Insider Transactions at EMCOR Group
In related news, Director Robin A. Walker-Lee sold 947 shares of the firm's 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 transaction, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value 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 represents a 3.24% 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.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on EME. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus upped their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Finally, Hovde Group raised EMCOR Group to a "hold" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $581.40.
Get Our Latest Report on EMCOR Group
EMCOR Group Profile
(
Free Report)
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.
Further Reading
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