Brookstone Capital Management Makes New $1.70 Million Investment in EMCOR Group, Inc. (NYSE:EME)

Brookstone Capital Management acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,609 shares of the construction company's stock, valued at approximately $1,704,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in EMCOR Group by 408.0% during the fourth quarter. Jones Financial Companies Lllp now owns 508 shares of the construction company's stock valued at $231,000 after acquiring an additional 408 shares during the period. Assetmark Inc. increased its stake in EMCOR Group by 5.2% during the fourth quarter. Assetmark Inc. now owns 8,123 shares of the construction company's stock valued at $3,687,000 after acquiring an additional 405 shares during the period. Proficio Capital Partners LLC bought a new position in EMCOR Group during the fourth quarter valued at about $23,941,000. Raymond James Financial Inc. bought a new position in EMCOR Group during the fourth quarter valued at about $42,380,000. Finally, Welch & Forbes LLC increased its stake in EMCOR Group by 10.4% during the fourth quarter. Welch & Forbes LLC now owns 626 shares of the construction company's stock valued at $284,000 after acquiring an additional 59 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of the business's 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 legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following 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 position. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

EMCOR Group Price Performance

Shares of EME traded up $5.65 on Wednesday, hitting $546.99. The company's stock had a trading volume of 389,105 shares, compared to its average volume of 450,795. The company has a market capitalization of $24.48 billion, a PE ratio of 24.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $553.97. The company has a 50 day moving average price of $482.37 and a 200 day moving average price of $443.34.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion for 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 revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.17 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is currently 4.42%.

Analysts Set New Price Targets

EME has been the topic of several research reports. UBS Group initiated coverage on EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 price target on the stock. TD Securities assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Stifel Nicolaus decreased their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $516.33.

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.