EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP has increased its stake in EMCOR Group, Inc. by 31.1%, now holding 7,988 shares valued at approximately $2.95 million.
• EMCOR Group's latest quarterly earnings showed an earnings per share (EPS) of $6.72, exceeding estimates by $1.04, along with a 17.4% year-over-year revenue growth.
• The firm declared a quarterly dividend of $0.25, reflecting an annualized dividend yield of 0.2%.

Entropy Technologies LP increased its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 31.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,988 shares of the construction company's stock after purchasing an additional 1,897 shares during the quarter. Entropy Technologies LP's holdings in EMCOR Group were worth $2,953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pandora Wealth Inc. acquired a new position in EMCOR Group during the 1st quarter worth $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in EMCOR Group during the 1st quarter worth about $395,000. Cynosure Group LLC lifted its holdings in EMCOR Group by 34.4% during the 1st quarter. Cynosure Group LLC now owns 872 shares of the construction company's stock worth $322,000 after buying an additional 223 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in EMCOR Group by 32.8% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,986 shares of the construction company's stock worth $734,000 after buying an additional 490 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in EMCOR Group by 27.1% during the 1st quarter. Forsta AP Fonden now owns 24,881 shares of the construction company's stock worth $9,197,000 after buying an additional 5,300 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. William Blair assumed coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating for the company. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Robert W. Baird assumed coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Finally, Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a report on Thursday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $18.83 on Tuesday, hitting $633.52. The stock had a trading volume of 347,418 shares, compared to its average volume of 385,426. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 26.29 and a beta of 1.27. The company's 50 day moving average price is $548.85 and its 200 day moving average price is $461.84.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the business earned $5.25 EPS. The business's quarterly revenue was up 17.4% on a year-over-year basis. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.15%.

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.