Axxcess Wealth Management LLC Lowers Holdings in EMCOR Group, Inc. (NYSE:EME)

Axxcess Wealth Management LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 58.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 664 shares of the construction company's stock after selling 937 shares during the period. Axxcess Wealth Management LLC's holdings in EMCOR Group were worth $245,000 as of its most recent SEC filing.

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

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $4.29 on Wednesday, hitting $554.05. The company's stock had a trading volume of 118,073 shares, compared to its average volume of 449,480. The firm has a fifty day moving average price of $492.34 and a 200-day moving average price of $445.68. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $562.77. The company has a market capitalization of $24.80 billion, a P/E ratio of 24.46 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08.

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 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 the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $4.17 EPS. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities research 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EME shares. 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. William Blair started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group raised their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus raised their target price on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $532.00.

Insider Activity

In other EMCOR Group news, 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 owned 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The transaction 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 EMCOR Group 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 completion of the sale, the chief executive officer 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. Insiders own 1.26% of the company's stock.

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.