Marks Group Wealth Management Inc Acquires 1,341 Shares of EMCOR Group, Inc. (NYSE:EME)

Marks Group Wealth Management Inc lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,449 shares of the construction company's stock after buying an additional 1,341 shares during the period. Marks Group Wealth Management Inc owned approximately 0.05% of EMCOR Group worth $8,667,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BankPlus Trust Department increased its holdings in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares during the period. Continuum Advisory LLC increased its holdings in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC purchased a new position in shares of EMCOR Group in the fourth quarter worth about $40,000. Summit Securities Group LLC purchased a new position in shares of EMCOR Group in the fourth quarter worth about $45,000. Finally, Park Square Financial Group LLC purchased a new position in shares of EMCOR Group in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Up 0.8%

EMCOR Group stock traded up $4.28 during trading hours on Wednesday, hitting $554.04. 258,213 shares of the stock traded hands, compared to its average volume of 450,426. The firm's 50-day moving average price is $494.73 and its two-hundred day moving average price is $446.43. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The company has a market cap of $24.80 billion, a PE ratio of 24.48 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $562.77.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the firm posted $4.17 EPS. The business's revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio is currently 4.42%.

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction that occurred on 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 $91,125,473.67. The trade was a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EME. Stifel Nicolaus boosted their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group began coverage on EMCOR Group in a report on Friday, June 13th. They set a "buy" rating and a $570.00 price target on the stock. The Goldman Sachs Group boosted their price target on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Finally, William Blair began coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $532.00.

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.