EMCOR Group, Inc. (NYSE:EME) Shares Bought by Dorsey Wright & Associates

Dorsey Wright & Associates increased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,797 shares of the construction company's stock after purchasing an additional 984 shares during the period. Dorsey Wright & Associates' holdings in EMCOR Group were worth $4,361,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Private Trust Co. NA lifted its holdings in shares of EMCOR Group by 28.6% in the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after acquiring an additional 62 shares during the last quarter. Janney Montgomery Scott LLC raised its position in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after purchasing an additional 3,407 shares during the period. Redwood Investment Management LLC bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $1,417,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of EMCOR Group by 146.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after purchasing an additional 6,361 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Up 0.9%

Shares of NYSE:EME traded up $4.90 during trading hours on Thursday, hitting $578.56. The company's stock had a trading volume of 253,247 shares, compared to its average volume of 352,694. The firm's fifty day moving average price is $507.85 and its 200 day moving average price is $450.72. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $580.48. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 25.57 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 (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's dividend payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

EME has been the topic of a number of recent analyst reports. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. UBS Group initiated coverage on EMCOR Group in a report on Friday, June 13th. They set a "buy" rating and a $570.00 price objective for the company. William Blair initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating on the stock. The Goldman Sachs Group upped their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $532.00.

Insider Buying and Selling

In other news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated 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 sale, the chief executive officer directly owned 208,989 shares of the company's stock, 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 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.