Roman Butler Fullerton & Co. Has $347,000 Stock Position in EMCOR Group, Inc. (NYSE:EME)

Roman Butler Fullerton & Co. lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 75.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 889 shares of the construction company's stock after selling 2,703 shares during the period. Roman Butler Fullerton & Co.'s holdings in EMCOR Group were worth $347,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EME. Norges Bank acquired a new position in shares of EMCOR Group in the 4th quarter worth approximately $299,855,000. GAMMA Investing LLC grew its stake in shares of EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the last quarter. Invesco Ltd. grew its stake in shares of EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after purchasing an additional 148,915 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after purchasing an additional 129,186 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 0.0%

Shares of EME stock traded down $0.02 during trading on Friday, hitting $485.19. 1,452,509 shares of the company were exchanged, compared to its average volume of 455,796. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 21.44 and a beta of 1.23. The business's 50-day simple moving average is $444.11 and its 200 day simple moving average is $439.39. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

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

EMCOR Group announced that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

EMCOR Group Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The shares were 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 directly owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director now owns 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 disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EME. UBS Group began coverage on shares of EMCOR Group in a research report on Friday, June 13th. They issued a "buy" rating and a $570.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of 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 five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $509.60.

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.