Hennion & Walsh Asset Management Inc. Makes New $211,000 Investment in EMCOR Group, Inc. (NYSE:EME)

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 570 shares of the construction company's stock, valued at approximately $211,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in EMCOR Group in the 4th quarter valued at $299,855,000. GAMMA Investing LLC grew its stake in shares of EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after acquiring an additional 373,316 shares in the last quarter. Invesco Ltd. raised its holdings in shares of 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 last quarter. Ameriprise Financial Inc. boosted its holdings in EMCOR Group by 94.2% during the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after purchasing an additional 148,915 shares during the last quarter. Finally, First Trust Advisors LP grew its position in EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after purchasing an additional 129,186 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on EME shares. Wall Street Zen cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and an average price target of $494.50.

Insider Buying and Selling

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at $10,229,474.94. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,197 shares of company stock valued at $3,905,748. 0.83% of the stock is owned by insiders.

EMCOR Group Stock Performance

EME traded down $7.61 during midday trading on Tuesday, reaching $466.18. The company had a trading volume of 404,782 shares, compared to its average volume of 518,610. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.29. The business has a 50-day moving average price of $425.78 and a two-hundred day moving average price of $440.15. The stock has a market cap of $20.87 billion, a PE ratio of 23.68 and a beta of 1.23.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the business earned $4.17 earnings per share. EMCOR Group's revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's payout ratio is 4.42%.

EMCOR Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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.