Measured Wealth Private Client Group LLC Acquires 490 Shares of EMCOR Group, Inc. (NYSE:EME)

Key Points

• Measured Wealth Private Client Group LLC increased its stake in EMCOR Group, Inc. by 32.8%, now owning a total of 1,986 shares valued at approximately $734,000.
• EMCOR reported earnings of $6.72 per share, exceeding expectations and marking a 17.4% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.25 per share, reflecting an annualized dividend yield of 0.2%.

Measured Wealth Private Client Group LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 32.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,986 shares of the construction company's stock after buying an additional 490 shares during the quarter. Measured Wealth Private Client Group LLC's holdings in EMCOR Group were worth $734,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EME. True Wealth Design LLC boosted its position in EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares during the last quarter. GeoWealth Management LLC boosted its position in EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares during the last quarter. Continuum Advisory LLC boosted its position in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares during the last quarter. Alps Advisors Inc. boosted its position in EMCOR Group by 3.4% during the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after purchasing an additional 30 shares during the last quarter. Finally, Allworth Financial LP boosted its position in EMCOR Group by 17.9% during the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $18.83 during trading hours on Tuesday, reaching $633.52. 347,418 shares of the stock were exchanged, compared to its average volume of 490,682. The firm has a market capitalization of $28.36 billion, a price-to-earnings ratio of 26.29 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The stock's fifty day simple moving average is $545.87 and its 200 day simple moving average is $460.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.25 earnings per share. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group set a $750.00 price target on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. The Goldman Sachs Group raised their price objective on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. DA Davidson raised their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a research report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $594.50.

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.