HB Wealth Management LLC Increases Stake in EMCOR Group, Inc. (NYSE:EME)

HB Wealth Management LLC grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 197.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,873 shares of the construction company's stock after acquiring an additional 1,906 shares during the quarter. HB Wealth Management LLC's holdings in EMCOR Group were worth $1,062,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock valued at $598,465,000 after purchasing an additional 288,765 shares during the period. Select Equity Group L.P. lifted its position in EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after acquiring an additional 16,563 shares in the last quarter. Geode Capital Management LLC increased its stake in EMCOR Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock valued at $463,320,000 after buying an additional 25,502 shares during the last quarter. Northern Trust Corp increased its stake in EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after buying an additional 102,738 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer owned 208,989 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Trading Down 0.3%

Shares of EME stock traded down $2.03 during mid-day trading on Friday, reaching $625.46. The stock had a trading volume of 508,793 shares, compared to its average volume of 499,037. The stock's 50-day moving average price is $524.51 and its two-hundred day moving average price is $456.34. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $667.64. The firm has a market capitalization of $28.00 billion, a PE ratio of 27.64 and a beta of 1.24. 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 (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the company earned $5.25 earnings per share. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

EME has been the subject of a number of recent research reports. The Goldman Sachs Group lifted 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. TD Securities assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Jefferies Financial Group started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $605.33.

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.