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

Barlow Wealth Partners Inc. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 24.3% during the 1st quarter, according to its most recent 13F filing 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 comprises about 2.0% of Barlow Wealth Partners Inc.'s portfolio, making the stock its 23rd biggest holding. Barlow Wealth Partners Inc. owned about 0.08% of EMCOR Group worth $15,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Mutual Advisors LLC increased its holdings in shares of EMCOR Group by 21.8% during the 1st 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 last quarter. Meritage Portfolio Management boosted its stake in EMCOR Group by 6.0% in the 1st quarter. Meritage Portfolio Management now owns 6,917 shares of the construction company's stock valued at $2,557,000 after purchasing an additional 391 shares during the period. Resonant Capital Advisors LLC boosted its stake in EMCOR Group by 5.8% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,032 shares of the construction company's stock valued at $381,000 after purchasing an additional 57 shares during the period. Private Trust Co. NA boosted its stake in 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 purchasing an additional 62 shares during the period. Finally, WCM Investment Management LLC boosted its stake in EMCOR Group by 1.9% in the 1st quarter. WCM Investment Management LLC now owns 11,012 shares of the construction company's stock valued at $4,084,000 after purchasing an additional 203 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated 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 transaction, the director owned 7,094 shares of the company's stock, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's 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 completion of the transaction, the chief executive officer directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $4.84 during trading 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 debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $550.18. The company has a market cap of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24. The firm's 50-day moving average price is $474.05 and its 200 day moving average price is $441.49.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping 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 analysts' expectations of $3.78 billion. During the same quarter in the previous year, the firm earned $4.17 EPS. EMCOR Group's revenue was up 12.7% on a year-over-year basis. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm 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 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 currently 4.42%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus reduced their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. William Blair assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Finally, Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average target price 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.