Swiss National Bank Sells 11,700 Shares of EMCOR Group, Inc. (NYSE:EME)

Swiss National Bank trimmed its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 92,800 shares of the construction company's stock after selling 11,700 shares during the quarter. Swiss National Bank owned approximately 0.20% of EMCOR Group worth $19,992,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mission Wealth Management LP lifted its stake in EMCOR Group by 3.3% in the fourth quarter. Mission Wealth Management LP now owns 2,962 shares of the construction company's stock valued at $638,000 after buying an additional 95 shares during the last quarter. Van ECK Associates Corp increased its stake in EMCOR Group by 40.6% in the 4th quarter. Van ECK Associates Corp now owns 13,958 shares of the construction company's stock worth $3,007,000 after purchasing an additional 4,031 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in EMCOR Group in the 4th quarter worth about $280,000. Russell Investments Group Ltd. boosted its position in EMCOR Group by 84.2% during the 4th quarter. Russell Investments Group Ltd. now owns 69,559 shares of the construction company's stock worth $14,998,000 after acquiring an additional 31,787 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of EMCOR Group by 12.0% during the 4th quarter. Truist Financial Corp now owns 11,220 shares of the construction company's stock valued at $2,417,000 after buying an additional 1,201 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a "buy" rating and issued a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded down $2.01 during midday trading on Friday, hitting $380.27. 287,184 shares of the company were exchanged, compared to its average volume of 477,545. The firm has a 50 day simple moving average of $346.97 and a 200-day simple moving average of $267.21. EMCOR Group, Inc. has a 52 week low of $161.49 and a 52 week high of $385.37. The firm has a market cap of $17.87 billion, a P/E ratio of 25.08 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The business had revenue of $3.43 billion for the quarter. Equities research analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 15th. EMCOR Group's dividend payout ratio (DPR) is currently 6.60%.

Insider Activity at EMCOR Group

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 value of $1,917,900.00. Following the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at approximately $70,010,701.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.26% of the company's stock.

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.