EMCOR Group (NYSE:EME) Stock Price Down 4.3%

EMCOR Group, Inc. (NYSE:EME - Get Free Report) dropped 4.3% on Tuesday . The stock traded as low as $344.47 and last traded at $345.50. Approximately 106,185 shares were traded during trading, a decline of 74% from the average daily volume of 410,386 shares. The stock had previously closed at $361.11.

Wall Street Analyst Weigh In

EME has been the topic of several analyst reports. KeyCorp initiated coverage on EMCOR Group in a research report on Wednesday, January 10th. They set a "sector weight" rating on the stock. DA Davidson reissued a "buy" rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Price Performance

The firm has a fifty day moving average price of $302.16 and a two-hundred day moving average price of $243.88. The stock has a market capitalization of $16.57 billion, a PE ratio of 26.45 and a beta of 1.10.

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

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.25 per share. This is an increase from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, April 15th. EMCOR Group's dividend payout ratio (DPR) is presently 7.51%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the 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 sale, the chief executive officer now owns 219,023 shares of the company's stock, valued at approximately $70,010,701.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of EMCOR Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in shares of EMCOR Group in the 1st quarter worth $40,000. Allworth Financial LP raised its stake in EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company's stock worth $29,000 after acquiring an additional 62 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in EMCOR Group in the 2nd quarter worth $25,000. Arlington Trust Co LLC purchased a new position in EMCOR Group in the 3rd quarter worth $35,000. Finally, CVA Family Office LLC purchased a new position in EMCOR Group in the 4th quarter worth $39,000. Institutional investors own 92.59% of the company's stock.

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.