Crossmark Global Holdings Inc. Increases Stock Position in EMCOR Group, Inc. (NYSE:EME)

Crossmark Global Holdings Inc. raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 196.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,581 shares of the construction company's stock after purchasing an additional 13,638 shares during the period. Crossmark Global Holdings Inc.'s holdings in EMCOR Group were worth $7,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Petra Financial Advisors Inc. lifted its holdings in shares of EMCOR Group by 1.4% in the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock valued at $789,000 after purchasing an additional 24 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of EMCOR Group by 12.4% in the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares during the period. Finally, HighPoint Advisor Group LLC lifted its stake in shares of EMCOR Group by 4.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 7,000 shares of the firm'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 transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction 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 transaction, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

EMCOR Group Stock Performance

NYSE:EME opened at $550.42 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a market cap of $24.64 billion, a P/E ratio of 24.32 and a beta of 1.24. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $553.97. The firm's 50 day moving average is $476.84 and its two-hundred day moving average is $441.92.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $4.17 earnings per share. The business's quarterly revenue was up 12.7% compared to the same quarter last year. Analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EME. Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. TD Securities began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. William Blair began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating on the stock. Robert W. Baird began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $518.00.

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.

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