Barlow Wealth Partners Inc. Buys 7,384 Shares of EMCOR Group, Inc. (NYSE:EME)

Barlow Wealth Partners Inc. raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 24.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,743 shares of the construction company's stock after purchasing an additional 7,384 shares during the quarter. EMCOR Group accounts for about 2.0% of Barlow Wealth Partners Inc.'s portfolio, making the stock its 23rd biggest position. Barlow Wealth Partners Inc. owned approximately 0.08% of EMCOR Group worth $15,484,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Mutual Advisors LLC lifted its holdings in EMCOR Group by 21.8% during the first quarter. Mutual Advisors LLC now owns 1,107 shares of the construction company's stock worth $454,000 after acquiring an additional 198 shares during the period. Meritage Portfolio Management raised its stake in shares of EMCOR Group by 6.0% during the 1st quarter. Meritage Portfolio Management now owns 6,917 shares of the construction company's stock worth $2,557,000 after purchasing an additional 391 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of EMCOR Group by 5.8% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,032 shares of the construction company's stock worth $381,000 after buying an additional 57 shares during the last quarter. Private Trust Co. NA boosted 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 worth $103,000 after buying an additional 62 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in EMCOR Group by 1.9% during the first quarter. WCM Investment Management LLC now owns 11,012 shares of the construction company's stock valued at $4,084,000 after buying an additional 203 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME traded up $4.84 during trading hours on Thursday, reaching $546.64. 302,472 shares of the company's stock traded hands, compared to its average volume of 449,861. 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 firm's 50 day simple moving average is $471.34 and its 200-day simple moving average is $441.16. The stock has a market cap of $24.47 billion, a PE ratio of 24.16 and a beta of 1.24. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $550.40.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion during 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 company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.17 EPS. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.18%. EMCOR Group's payout ratio is 4.42%.

Insider Activity

In other EMCOR Group 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 sale, the chief executive officer owned 208,989 shares of the company's stock, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director directly owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of research analyst reports. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. TD Securities started coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Finally, William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating for the company. One investment 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $518.00.

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.