Silver Oak Securities Incorporated Purchases Shares of 2,366 EMCOR Group, Inc. (NYSE:EME)

Silver Oak Securities Incorporated acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,366 shares of the construction company's stock, valued at approximately $878,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after buying an additional 3,407 shares during the period. Redwood Investment Management LLC acquired a new stake in EMCOR Group during the fourth quarter valued at $1,417,000. Cambridge Investment Research Advisors Inc. grew its position in EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after buying an additional 6,361 shares during the period. Fifth Third Bancorp grew its position in EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after buying an additional 126 shares during the period. Finally, GAMMA Investing LLC grew its position in EMCOR Group by 34.9% during the first quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated Monday, May 5th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EME shares. UBS Group started coverage on shares of EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 price target on the stock. Hovde Group raised shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Stifel Nicolaus decreased their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and an average price target of $516.33.

EMCOR Group Price Performance

Shares of NYSE:EME traded down $8.74 during midday trading on Tuesday, hitting $542.40. The company's stock had a trading volume of 416,874 shares, compared to its average volume of 451,089. The business's 50 day simple moving average is $479.42 and its 200 day simple moving average is $442.62. 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 company has a market cap of $24.28 billion, a P/E ratio of 23.97 and a beta of 1.24. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $553.97.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping 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 firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm posted $4.17 earnings per share. The company's revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts forecast 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 will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 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.