LSV Asset Management Has $24.16 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

LSV Asset Management lessened its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,147 shares of the construction company's stock after selling 89,973 shares during the quarter. LSV Asset Management owned about 0.24% of EMCOR Group worth $24,160,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EME. Allworth Financial LP increased its stake in EMCOR Group by 83.8% during the fourth 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. CVA Family Office LLC purchased a new position in EMCOR Group in the fourth quarter valued at approximately $39,000. Cullen Frost Bankers Inc. acquired a new position in EMCOR Group during the third quarter valued at approximately $42,000. Benjamin F. Edwards & Company Inc. grew its stake in EMCOR Group by 182.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company's stock worth $42,000 after buying an additional 126 shares during the period. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of EMCOR Group in the fourth quarter worth $43,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 2.2 %

Shares of NYSE EME traded up $8.17 during trading on Monday, reaching $371.94. 437,505 shares of the stock were exchanged, compared to its average volume of 429,810. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 24.53 and a beta of 1.07. The business's 50-day moving average price is $340.93 and its 200 day moving average price is $263.00. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $376.70.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $1.25. The firm had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were issued a $0.25 dividend. The ex-dividend date was Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. This is an increase from EMCOR Group's previous quarterly dividend of $0.18. EMCOR Group's dividend payout ratio is currently 6.60%.

Insider Buying and Selling at EMCOR Group

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 transaction of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.26% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.