EMCOR Group, Inc. (NYSE:EME) Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its stake in EMCOR Group, Inc. by 9.6%, selling 3,663 shares and now owning 34,349 shares valued at approximately $12.7 million.
• EMCOR Group reported a quarterly earnings per share of $6.72, exceeding analysts' expectations of $5.68, alongside revenues of $4.30 billion, which also surpassed estimates.
• The company declares a quarterly dividend of $0.25, representing a 0.2% dividend yield, with an annualized payout of $1.00.

Mutual of America Capital Management LLC decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,349 shares of the construction company's stock after selling 3,663 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of EMCOR Group worth $12,696,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. lifted its stake in EMCOR Group by 1.6% in the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after buying an additional 16,563 shares during the last quarter. Northern Trust Corp lifted its stake in EMCOR Group by 22.9% in the fourth 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. First Trust Advisors LP lifted its stake in EMCOR Group by 35.2% in the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock valued at $225,332,000 after buying an additional 129,186 shares during the last quarter. AQR Capital Management LLC lifted its stake in EMCOR Group by 13.6% in the fourth quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company's stock valued at $222,332,000 after buying an additional 58,483 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in EMCOR Group by 1.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 482,453 shares of the construction company's stock valued at $218,985,000 after buying an additional 7,799 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

NYSE:EME traded up $0.45 during trading hours on Friday, hitting $617.96. The company's stock had a trading volume of 321,421 shares, compared to its average volume of 492,973. The business's 50-day moving average is $540.04 and its two-hundred day moving average is $460.45. The company has a market capitalization of $27.66 billion, a PE ratio of 25.64 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.

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, topping the consensus estimate of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. EMCOR Group's revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.25 earnings per share. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Analyst Ratings Changes

EME has been the subject of a number of research reports. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a "buy" rating in a research note on Tuesday. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Finally, Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and a consensus 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.