Brookstone Capital Management Acquires New Shares in EMCOR Group, Inc. (NYSE:EME)

Brookstone Capital Management acquired a new position in shares of 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 institutional investor acquired 4,609 shares of the construction company's stock, valued at approximately $1,704,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in EMCOR Group in the fourth quarter valued at about $299,855,000. GAMMA Investing LLC increased its position in EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the period. Invesco Ltd. grew its position in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after buying an additional 288,765 shares during the period. Ameriprise Financial Inc. grew its position in shares of EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after buying an additional 148,915 shares during the period. Finally, First Trust Advisors LP grew its position in shares of EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after buying an additional 129,186 shares during the period. Institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EME. Stifel Nicolaus decreased their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. TD Securities began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. The Goldman Sachs Group boosted their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday. Finally, Robert W. Baird began coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. 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, EMCOR Group has an average rating of "Moderate Buy" and an average price target of $516.33.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $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. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Up 0.4%

Shares of EMCOR Group stock traded up $2.07 on Thursday, reaching $548.35. 383,258 shares of the company were exchanged, compared to its average volume of 450,526. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $553.97. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 24.23 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $482.37 and a 200 day moving average of $443.34.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the prior year, the business posted $4.17 EPS. The business's revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

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.