Mount Lucas Management LP Has $860,000 Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Mount Lucas Management LP increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 103.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,326 shares of the construction company's stock after purchasing an additional 1,181 shares during the quarter. Mount Lucas Management LP's holdings in EMCOR Group were worth $860,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EME. BankPlus Trust Department grew its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in EMCOR Group in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group during the first quarter worth approximately $30,000. Continuum Advisory LLC grew its position in shares of EMCOR Group by 53.7% during 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 in the last quarter. Finally, Dogwood Wealth Management LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

EME stock traded up $55.87 during mid-day trading on Friday, reaching $634.67. The company had a trading volume of 658,109 shares, compared to its average volume of 348,370. 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 stock has a market capitalization of $28.41 billion, a P/E ratio of 28.05 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $636.38. The stock's 50-day simple moving average is $511.12 and its two-hundred day simple moving average is $451.86.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company posted $4.17 EPS. The business's quarterly revenue was up 12.7% compared to the same quarter last year. Research analysts anticipate 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. Investors of record on Tuesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's dividend payout ratio is 4.42%.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction 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 sale, the director owned 7,094 shares of the company's stock, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EME. The Goldman Sachs Group raised their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. UBS Group raised their price objective on EMCOR Group from $570.00 to $715.00 and gave the stock a "buy" rating in a research note on Friday. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Finally, TD Securities assumed coverage on EMCOR Group in a research note 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 assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $556.17.

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.