California State Teachers Retirement System Has $32.28 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

California State Teachers Retirement System lessened its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,110 shares of the construction company's stock after selling 2,509 shares during the quarter. California State Teachers Retirement System owned 0.16% of EMCOR Group worth $32,277,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC raised 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 worth $38,000 after purchasing an additional 29 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth approximately $40,000. Summit Securities Group LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth approximately $45,000. Park Square Financial Group LLC purchased a new position in shares of EMCOR Group during the 4th quarter worth approximately $48,000. Finally, True Wealth Design LLC boosted its position in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EME shares. Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus cut their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $494.50.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the company'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 transaction of $390,950.01. Following the completion of the sale, the director now directly owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,197 shares of company stock worth $3,905,748. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Trading Up 0.6%

NYSE:EME traded up $2.94 on Friday, reaching $471.20. The stock had a trading volume of 807,378 shares, compared to its average volume of 471,463. The company has a 50-day moving average of $412.30 and a 200 day moving average of $442.47. The stock has a market cap of $21.09 billion, a P/E ratio of 23.93 and a beta of 1.18. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results 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 net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the company posted $4.17 earnings per share. EMCOR Group's revenue was up 12.7% on a year-over-year basis. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio is presently 4.42%.

EMCOR Group declared that its board has initiated a share buyback program on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

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.