Silver Oak Securities Incorporated Invests $878,000 in EMCOR Group, Inc. (NYSE:EME)

Silver Oak Securities Incorporated bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,366 shares of the construction company's stock, valued at approximately $878,000.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the last quarter. Dogwood Wealth Management LLC purchased a new position in shares of EMCOR Group in the 4th quarter worth about $40,000. Summit Securities Group LLC purchased a new position in shares of EMCOR Group in the 4th quarter worth about $45,000. Park Square Financial Group LLC purchased a new position in shares of EMCOR Group in the 4th quarter worth about $48,000. Finally, True Wealth Design LLC boosted its holdings in shares of EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction that occurred on 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 owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Trading Down 0.0%

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

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. The company 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 37.12% and a net margin of 7.00%. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.17 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio is presently 4.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. UBS Group assumed coverage on EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 price objective for the company. Finally, Stifel Nicolaus cut 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. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $509.60.

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.