EMCOR Group, Inc. (NYSE:EME) Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 369.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,960 shares of the construction company's stock after buying an additional 2,330 shares during the quarter. Smith Group Asset Management LLC's holdings in EMCOR Group were worth $1,094,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth approximately $40,000. Summit Securities Group LLC purchased a new position in shares of EMCOR Group in the 4th quarter worth $45,000. Park Square Financial Group LLC purchased a new position in EMCOR Group in the fourth quarter worth about $48,000. Finally, True Wealth Design LLC increased its position in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the firm'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 completion of the transaction, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of several analyst reports. Jefferies Financial Group started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. TD Securities started coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. William Blair began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating on the stock. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $518.00.

EMCOR Group Stock Performance

NYSE:EME traded up $10.01 during mid-day trading on Wednesday, hitting $540.89. The company's stock had a trading volume of 388,805 shares, compared to its average volume of 450,177. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 23.90 and a beta of 1.24. The business's fifty day moving average is $468.42 and its two-hundred day moving average is $440.73.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. The company 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 firm's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $4.17 earnings per share. Analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio is presently 4.42%.

About EMCOR Group

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.