Leeward Investments LLC MA Decreases Holdings in EMCOR Group, Inc. (NYSE:EME)

Leeward Investments LLC MA lessened its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,486 shares of the construction company's stock after selling 25,015 shares during the quarter. Leeward Investments LLC MA owned about 0.18% of EMCOR Group worth $17,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of EMCOR Group by 7.3% during the third quarter. FMR LLC now owns 3,551,683 shares of the construction company's stock worth $747,239,000 after purchasing an additional 241,920 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of EMCOR Group by 41.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company's stock worth $224,813,000 after purchasing an additional 310,718 shares during the period. Invesco Ltd. raised its position in shares of EMCOR Group by 40.1% during the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company's stock worth $193,412,000 after purchasing an additional 263,330 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of EMCOR Group by 1.2% during the third quarter. Burgundy Asset Management Ltd. now owns 654,661 shares of the construction company's stock worth $137,734,000 after purchasing an additional 7,953 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of EMCOR Group by 30.2% during the third quarter. AQR Capital Management LLC now owns 426,706 shares of the construction company's stock worth $89,775,000 after purchasing an additional 98,989 shares during the period. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares of the company's stock, valued at $70,010,701.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

EMCOR Group Trading Up 1.3 %

NYSE EME traded up $4.67 during midday trading on Friday, hitting $354.02. The company had a trading volume of 609,345 shares, compared to its average volume of 424,596. The firm has a 50-day moving average price of $328.76 and a 200-day moving average price of $255.92. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The company has a market capitalization of $16.64 billion, a PE ratio of 23.35 and a beta of 1.10.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The firm had revenue of $3.43 billion for the quarter. On average, equities analysts anticipate that EMCOR Group, Inc. will post 16 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid 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 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Monday, April 15th. EMCOR Group's dividend payout ratio is 6.60%.

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.