First National Bank of Hutchinson Sells 1,544 Shares of EMCOR Group, Inc. (NYSE:EME)

First National Bank of Hutchinson trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 53.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,321 shares of the construction company's stock after selling 1,544 shares during the period. First National Bank of Hutchinson's holdings in EMCOR Group were worth $488,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in EME. Private Trust Co. NA lifted its holdings in EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after buying an additional 62 shares during the period. Janney Montgomery Scott LLC raised its position in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after acquiring an additional 3,407 shares during the last quarter. Redwood Investment Management LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at $1,417,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of EMCOR Group by 146.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after purchasing an additional 6,361 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EME has been the topic of several analyst reports. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Finally, William Blair started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $532.00.

EMCOR Group Stock Up 0.9%

NYSE EME traded up $4.90 during trading on Thursday, hitting $578.56. The stock had a trading volume of 253,247 shares, compared to its average volume of 352,694. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $580.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The company's 50-day moving average price is $505.57 and its two-hundred day moving average price is $450.03. The company has a market capitalization of $25.90 billion, a PE ratio of 25.57 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the business earned $4.17 EPS. The company's revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 7,000 shares of the firm'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 transaction, the chief executive officer directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Company 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.