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

EMCOR Group logo with Construction background

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.

Check Out Our Latest Stock Report on EME

EMCOR Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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