Gallacher Capital Management LLC Purchases 604 Shares of EMCOR Group, Inc. (NYSE:EME)

Gallacher Capital Management LLC increased its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 104.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,182 shares of the construction company's stock after purchasing an additional 604 shares during the quarter. Gallacher Capital Management LLC's holdings in EMCOR Group were worth $437,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc lifted its stake in EMCOR Group by 6.8% in the first quarter. IFP Advisors Inc now owns 1,782 shares of the construction company's stock valued at $659,000 after acquiring an additional 113 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in EMCOR Group by 147.3% in the first quarter. AustralianSuper Pty Ltd now owns 109,914 shares of the construction company's stock valued at $40,628,000 after acquiring an additional 65,474 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake in EMCOR Group by 9.6% in the first quarter. Impact Partnership Wealth LLC now owns 1,109 shares of the construction company's stock valued at $410,000 after acquiring an additional 97 shares during the last quarter. Foundry Partners LLC lifted its stake in EMCOR Group by 6.8% in the first quarter. Foundry Partners LLC now owns 1,900 shares of the construction company's stock valued at $702,000 after acquiring an additional 121 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in EMCOR Group by 32.6% in the first quarter. Archer Investment Corp now owns 1,018 shares of the construction company's stock valued at $376,000 after acquiring an additional 250 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of analyst reports. William Blair initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. UBS Group lifted their price target on shares of EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $556.17.

EMCOR Group Stock Performance

EMCOR Group stock traded up $40.95 on Friday, hitting $619.75. The company's stock had a trading volume of 232,331 shares, compared to its average volume of 493,716. The firm has a market cap of $27.74 billion, a P/E ratio of 27.29 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $507.85 and a 200-day moving average price of $450.72. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $626.72.

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

EMCOR Group Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.16%. EMCOR Group's dividend payout ratio is presently 4.42%.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the business'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 in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $390,950.01. Following the transaction, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

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.