Victory Capital Management Inc. Has $77.26 Million Position in EMCOR Group, Inc. (NYSE:EME)

Victory Capital Management Inc. lifted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 130.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 209,005 shares of the construction company's stock after buying an additional 118,206 shares during the period. Victory Capital Management Inc. owned approximately 0.46% of EMCOR Group worth $77,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EME. PAX Financial Group LLC boosted its position in EMCOR Group by 6.9% during the first quarter. PAX Financial Group LLC now owns 786 shares of the construction company's stock valued at $291,000 after buying an additional 51 shares during the period. TimesSquare Capital Management LLC grew its position in EMCOR Group by 23.7% in the 1st quarter. TimesSquare Capital Management LLC now owns 283,812 shares of the construction company's stock worth $104,905,000 after purchasing an additional 54,447 shares during the period. SBI Securities Co. Ltd. grew its position in EMCOR Group by 30.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 436 shares of the construction company's stock worth $161,000 after purchasing an additional 101 shares during the period. Signaturefd LLC boosted its stake in shares of EMCOR Group by 16.4% during the 1st quarter. Signaturefd LLC now owns 532 shares of the construction company's stock worth $197,000 after acquiring an additional 75 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its stake in shares of EMCOR Group by 16.8% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 557 shares of the construction company's stock valued at $206,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction 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 owned 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Trading Up 1.1%

Shares of NYSE EME traded up $6.20 during midday trading on Friday, reaching $565.45. 415,086 shares of the stock were exchanged, compared to its average volume of 449,612. The company has a market capitalization of $25.31 billion, a P/E ratio of 24.99 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $570.00. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $499.62 and a 200-day moving average price of $447.90.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) 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 business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period last year, the company earned $4.17 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.18%. EMCOR Group's dividend payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Nicolaus raised their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. William Blair initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating for the company. Hovde Group raised shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Finally, UBS Group started coverage on shares of EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average target price of $532.00.

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.