KG&L Capital Management LLC Makes New $222,000 Investment in EMCOR Group, Inc. (NYSE:EME)

KG&L Capital Management LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 600 shares of the construction company's stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EME. Continuum Advisory LLC grew its position in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group in the fourth quarter worth about $40,000. Summit Securities Group LLC purchased a new position in EMCOR Group in the 4th quarter worth about $45,000. Park Square Financial Group LLC bought a new stake in EMCOR Group during the 4th quarter valued at about $48,000. Finally, True Wealth Design LLC lifted its holdings in EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after buying an additional 26 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer now directly owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, the director now owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on EME shares. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday. They set a "buy" rating on the stock. William Blair assumed coverage on EMCOR Group in a research note on Friday. They issued an "outperform" rating on the stock. UBS Group began coverage on EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 target price for the company. Stifel Nicolaus lowered their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Robert W. Baird started coverage on EMCOR Group in a research report on Friday. They set an "outperform" rating and a $560.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $518.00.

EMCOR Group Stock Up 3.9%

EME stock traded up $19.91 during trading on Friday, hitting $530.90. 681,139 shares of the company's stock traded hands, compared to its average volume of 452,567. The firm has a market capitalization of $23.76 billion, a P/E ratio of 23.46 and a beta of 1.23. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $455.61 and a two-hundred day simple moving average of $439.19.

EMCOR Group (NYSE:EME - Get Free Report) last announced its 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. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

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.