Drake & Associates LLC Grows Stake in EMCOR Group, Inc. (NYSE:EME)

Drake & Associates LLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,957 shares of the construction company's stock after acquiring an additional 782 shares during the quarter. Drake & Associates LLC's holdings in EMCOR Group were worth $1,093,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EME. Petra Financial Advisors Inc. boosted its position in shares of EMCOR Group by 1.4% in the 4th 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 during the period. True Wealth Design LLC boosted its position in shares of EMCOR Group by 24.3% in the 4th 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 during the period. GeoWealth Management LLC boosted its position 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 purchasing an additional 28 shares during the period. Continuum Advisory LLC boosted its position in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares during the period. Finally, HighPoint Advisor Group LLC boosted its position in shares of EMCOR Group by 4.1% in the 4th 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 during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 completion of the transaction, the director directly owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's 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 completion of the transaction, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EME shares. Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Stifel Nicolaus decreased their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. William Blair started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Hovde Group raised EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and an average target price of $518.00.

EMCOR Group Stock Performance

Shares of EME stock traded up $4.84 during trading hours on Friday, reaching $546.64. 302,472 shares of the company's stock were exchanged, compared to its average volume of 450,502. The company has a market cap of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24. The company's 50 day moving average is $474.05 and its two-hundred day moving average is $441.49. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $550.18. 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 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. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.17 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

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.