Hamilton Point Investment Advisors LLC Cuts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Hamilton Point Investment Advisors LLC lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,088 shares of the construction company's stock after selling 9,594 shares during the quarter. EMCOR Group makes up approximately 2.7% of Hamilton Point Investment Advisors LLC's portfolio, making the stock its 6th largest holding. Hamilton Point Investment Advisors LLC owned 0.09% of EMCOR Group worth $14,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisor OS LLC bought a new position in shares of EMCOR Group in the first quarter valued at approximately $210,000. Dorsey Wright & Associates raised its position in shares of EMCOR Group by 9.1% in the first quarter. Dorsey Wright & Associates now owns 11,797 shares of the construction company's stock valued at $4,361,000 after purchasing an additional 984 shares during the period. Wedbush Securities Inc. grew its stake in shares of EMCOR Group by 2.4% in the first quarter. Wedbush Securities Inc. now owns 1,600 shares of the construction company's stock worth $591,000 after acquiring an additional 38 shares during the last quarter. Mount Lucas Management LP grew its stake in shares of EMCOR Group by 103.1% in the first quarter. Mount Lucas Management LP now owns 2,326 shares of the construction company's stock worth $860,000 after acquiring an additional 1,181 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of EMCOR Group in the first quarter worth $3,125,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $4.40 during trading on Thursday, reaching $578.06. The company's stock had a trading volume of 62,635 shares, compared to its average volume of 494,254. The stock has a 50-day moving average price of $505.57 and a two-hundred day moving average price of $450.03. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $578.80. The stock has a market capitalization of $25.87 billion, a P/E ratio of 25.57 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the business posted $4.17 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.17%. EMCOR Group's dividend payout ratio is 4.42%.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director directly owned 7,094 shares of the company's stock, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated 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. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EME shares. UBS Group started coverage on shares of EMCOR Group in a research note on Friday, June 13th. They issued a "buy" rating and a $570.00 price objective on the stock. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Finally, Stifel Nicolaus increased their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $532.00.

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.

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