Moloney Securities Asset Management LLC Has $415,000 Holdings in EMCOR Group, Inc. (NYSE:EME)

Moloney Securities Asset Management LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 34.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,124 shares of the construction company's stock after selling 588 shares during the period. Moloney Securities Asset Management LLC's holdings in EMCOR Group were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its stake in shares of 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 buying an additional 29 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in EMCOR Group in the fourth quarter valued at approximately $40,000. Summit Securities Group LLC bought a new stake in EMCOR Group in the fourth quarter worth approximately $45,000. Park Square Financial Group LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth $48,000. Finally, True Wealth Design LLC raised its holdings in shares of 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 purchasing an additional 26 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

NYSE EME opened at $548.35 on Friday. The company's fifty day moving average is $485.08 and its two-hundred day moving average is $443.93. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $553.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a market capitalization of $24.54 billion, a price-to-earnings ratio of 24.23 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the company earned $4.17 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.42%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EME shares. William Blair initiated coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating on the stock. UBS Group assumed coverage on EMCOR Group in a report on Friday, June 13th. They set a "buy" rating and a $570.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Finally, Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $516.33.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction on 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. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction dated 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 directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

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.

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