Bayforest Capital Ltd Increases Stake in EMCOR Group, Inc. (NYSE:EME)

Bayforest Capital Ltd boosted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 92.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,265 shares of the construction company's stock after purchasing an additional 1,087 shares during the quarter. Bayforest Capital Ltd's holdings in EMCOR Group were worth $837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EME. BankPlus Trust Department boosted its position in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the 1st quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the 1st quarter valued at approximately $30,000. Continuum Advisory LLC boosted its position 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 acquiring an additional 29 shares during the last quarter. Finally, Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at approximately $40,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 0.3%

EME stock traded down $2.03 during midday trading on Friday, reaching $625.46. The company's stock had a trading volume of 508,793 shares, compared to its average volume of 499,037. 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 stock has a fifty day simple moving average of $524.51 and a two-hundred day simple moving average of $456.34. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $667.64. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 27.64 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $5.25 earnings per share. The business's revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's payout ratio is 4.42%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on EME shares. DA Davidson increased their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday. William Blair assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, TD Securities assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $605.33.

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.