RFG Advisory LLC Has $2.36 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

RFG Advisory LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,395 shares of the construction company's stock after buying an additional 691 shares during the quarter. RFG Advisory LLC's holdings in EMCOR Group were worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Merit Financial Group LLC grew its holdings in shares of EMCOR Group by 37.4% during the first quarter. Merit Financial Group LLC now owns 2,938 shares of the construction company's stock valued at $1,086,000 after buying an additional 799 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of EMCOR Group by 104,800.0% during the first quarter. NBC Securities Inc. now owns 3,147 shares of the construction company's stock valued at $1,163,000 after buying an additional 3,144 shares in the last quarter. BTC Capital Management Inc. grew its holdings in shares of EMCOR Group by 11.8% during the first quarter. BTC Capital Management Inc. now owns 1,772 shares of the construction company's stock valued at $655,000 after buying an additional 187 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of EMCOR Group by 1,568.8% during the first quarter. Rothschild Investment LLC now owns 267 shares of the construction company's stock valued at $99,000 after buying an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock valued at $138,266,000 after buying an additional 373,316 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 7,094 shares of the company's stock, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,197 shares of company stock valued at $3,905,748. Insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EME. Stifel Nicolaus lowered 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. Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

EMCOR Group Price Performance

EME traded up $6.05 during trading on Friday, reaching $490.11. 336,164 shares of the stock traded hands, compared to its average volume of 450,165. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 24.89 and a beta of 1.23. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The stock's 50-day simple moving average is $424.01 and its two-hundred day simple moving average is $440.37.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. 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 earnings per share. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group's payout ratio is 4.42%.

EMCOR Group Company 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.