Burney Co. Cuts Stake in EMCOR Group, Inc. (NYSE:EME)

Burney Co. cut its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 41.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,702 shares of the construction company's stock after selling 6,165 shares during the quarter. Burney Co.'s holdings in EMCOR Group were worth $3,217,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC raised its position in shares of EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after acquiring an additional 26 shares during the last quarter. GeoWealth Management LLC increased its stake in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after acquiring an additional 28 shares in the last quarter. Continuum Advisory LLC increased its stake in 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 purchasing an additional 29 shares in the last quarter. Alps Advisors Inc. increased its stake in EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after purchasing an additional 30 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in EMCOR Group by 4.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $3,052,210.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EME has been the subject of several recent research reports. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. The Goldman Sachs Group upped their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Robert W. Baird assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, William Blair assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price of $581.40.

EMCOR Group Price Performance

NYSE EME traded up $55.87 during trading hours on Friday, hitting $634.67. The company had a trading volume of 658,109 shares, compared to its average volume of 348,370. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $636.38. The firm has a 50 day simple moving average of $511.12 and a 200 day simple moving average of $451.70. 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 firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 28.05 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $4.17 earnings per share. EMCOR Group's revenue was up 12.7% compared to the same quarter last year. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.16%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's dividend payout ratio is 4.42%.

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.