EMCOR Group, Inc. (NYSE:EME) Increases Dividend to $0.25 Per Share

EMCOR Group, Inc. (NYSE:EME - Get Free Report) declared a quarterly dividend on Friday, April 5th, Wall Street Journal reports. Shareholders of record on Tuesday, April 16th will be paid a dividend of 0.25 per share by the construction company on Tuesday, April 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Monday, April 15th. This is an increase from EMCOR Group's previous quarterly dividend of $0.18.

EMCOR Group has raised its dividend by an average of 29.2% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. EMCOR Group has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Analysts expect EMCOR Group to earn $15.75 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 4.6%.

EMCOR Group Price Performance

EMCOR Group stock traded up $7.78 during trading hours on Friday, reaching $364.91. The stock had a trading volume of 375,628 shares, compared to its average volume of 415,158. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 27.42 and a beta of 1.10. The business's 50 day moving average price is $297.00 and its 200-day moving average price is $241.44. EMCOR Group has a 52 week low of $151.52 and a 52 week high of $369.53.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.96. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the company posted $2.63 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts forecast that EMCOR Group will post 14.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. DA Davidson reissued a "buy" rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp assumed coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the transaction, the chief executive officer now owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors have recently bought and sold shares of EME. Zions Bancorporation N.A. acquired a new position in EMCOR Group in the 1st quarter valued at about $26,000. Parkside Financial Bank & Trust grew its position in shares of EMCOR Group by 66.2% during the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company's stock worth $28,000 after buying an additional 100 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of EMCOR Group during the first quarter worth about $35,000. First Capital Advisors Group LLC. purchased a new stake in EMCOR Group during the second quarter worth approximately $89,000. Finally, Covestor Ltd lifted its stake in EMCOR Group by 92.0% during the first quarter. Covestor Ltd now owns 912 shares of the construction company's stock worth $103,000 after purchasing an additional 437 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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.