Brookstone Capital Management Takes $1.70 Million Position in EMCOR Group, Inc. (NYSE:EME)

Brookstone Capital Management bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,609 shares of the construction company's stock, valued at approximately $1,704,000.

Several other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake 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 period. Select Equity Group L.P. boosted its stake in EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after purchasing an additional 16,563 shares during the period. Geode Capital Management LLC boosted its stake in EMCOR Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after purchasing an additional 25,502 shares during the period. Norges Bank bought a new position in EMCOR Group in the 4th quarter worth about $299,855,000. Finally, Northern Trust Corp boosted its stake in EMCOR Group by 22.9% in 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 during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

NYSE:EME traded up $3.55 during mid-day trading on Wednesday, reaching $544.89. The stock had a trading volume of 93,001 shares, compared to its average volume of 449,684. The firm has a 50 day moving average price of $479.42 and a two-hundred day moving average price of $442.62. The stock has a market capitalization of $24.39 billion, a P/E ratio of 24.08 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $553.97. 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 (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $4.17 EPS. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is currently 4.42%.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred 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 transaction, the director directly owned 7,094 shares of the company's stock, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group 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 completion of the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. William Blair started coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday. Finally, Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. One 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 price target of $516.33.

EMCOR Group Company 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.