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

Silver Oak Securities Incorporated purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,366 shares of the construction company's stock, valued at approximately $878,000.

Other institutional investors also recently made changes to their positions in the company. Petra Financial Advisors Inc. boosted its stake in EMCOR Group by 1.4% in the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock worth $789,000 after buying an additional 24 shares during the last quarter. True Wealth Design LLC increased its position in EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares during the last quarter. GeoWealth Management LLC increased its position in EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares during the last quarter. Continuum Advisory LLC raised its stake in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of EMCOR Group by 4.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after purchasing an additional 32 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

EMCOR Group Stock Up 0.9%

Shares of NYSE:EME traded up $4.84 on Friday, reaching $546.64. The company had a trading volume of 302,472 shares, compared to its average volume of 449,861. The stock has a 50-day moving average price of $474.05 and a 200 day moving average price of $441.49. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $550.18. The stock has a market capitalization of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.17 earnings per share. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EME shares. Jefferies Financial Group began 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 EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. TD Securities started coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Finally, William Blair initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $518.00.

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.