EMCOR Group, Inc. (NYSE:EME) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 218.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,798 shares of the construction company's stock after purchasing an additional 4,663 shares during the period. CWA Asset Management Group LLC's holdings in EMCOR Group were worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Mayfair Advisory Group LLC grew its stake in shares of EMCOR Group by 45.3% during the first quarter. Mayfair Advisory Group LLC now owns 670 shares of the construction company's stock worth $248,000 after acquiring an additional 209 shares during the last quarter. Mezzasalma Advisors LLC grew its stake in shares of EMCOR Group by 3.7% during the first quarter. Mezzasalma Advisors LLC now owns 11,886 shares of the construction company's stock worth $4,393,000 after acquiring an additional 428 shares during the last quarter. Optivise Advisory Services LLC purchased a new stake in shares of EMCOR Group during the first quarter worth about $236,000. Sowell Financial Services LLC purchased a new stake in shares of EMCOR Group during the first quarter worth about $981,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after acquiring an additional 3,407 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares in the company, valued at $2,928,616.02. This trade represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred 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 now owns 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.83% of the company's stock.

EMCOR Group Stock Performance

NYSE EME traded down $0.02 during trading hours on Friday, reaching $485.19. The stock had a trading volume of 1,452,509 shares, compared to its average volume of 455,796. The stock has a fifty day moving average of $444.11 and a 200 day moving average of $439.39. The stock has a market cap of $21.72 billion, a P/E ratio of 21.44 and a beta of 1.23. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. 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 announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the company posted $4.17 earnings per share. EMCOR Group's revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its board has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EME. UBS Group began 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. Stifel Nicolaus dropped 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. Finally, Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $509.60.

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.