Fuller & Thaler Asset Management Inc. Sells 77,401 Shares of EMCOR Group, Inc. (NYSE:EME)

Fuller & Thaler Asset Management Inc. reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 664,222 shares of the construction company's stock after selling 77,401 shares during the period. EMCOR Group accounts for approximately 1.1% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 10th largest holding. Fuller & Thaler Asset Management Inc. owned about 1.44% of EMCOR Group worth $301,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EME. Summit Securities Group LLC bought a new position in EMCOR Group during the fourth quarter worth about $45,000. SJS Investment Consulting Inc. lifted its holdings in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after acquiring an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after acquiring an additional 25 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in EMCOR Group by 2,063.6% during the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after acquiring an additional 227 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in shares of EMCOR Group by 12.4% in the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Down 0.5 %

Shares of NYSE:EME traded down $1.90 during midday trading on Monday, reaching $408.34. The company had a trading volume of 369,382 shares, compared to its average volume of 532,873. The business's 50 day moving average price is $386.13 and its 200 day moving average price is $443.88. The stock has a market cap of $18.40 billion, a PE ratio of 20.74 and a beta of 1.08. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.29.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, topping analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, April 17th. EMCOR Group's dividend payout ratio is presently 4.64%.

EMCOR Group declared that its board has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

EME has been the topic of a number of research reports. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus cut their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $497.25.

Insider Buying and Selling at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.26% of the company's stock.

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.