3,122 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,122 shares of the construction company's stock, valued at approximately $1,417,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after buying an additional 288,765 shares during the last quarter. Geode Capital Management LLC increased its holdings in EMCOR Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock valued at $463,320,000 after purchasing an additional 25,502 shares in the last quarter. Norges Bank acquired a new stake in EMCOR Group in the 4th quarter valued at $299,855,000. Northern Trust Corp increased its holdings in EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after purchasing an additional 102,738 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock valued at $225,332,000 after purchasing an additional 129,186 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares in the company, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,197 shares of company stock worth $3,905,748. 0.83% of the stock is owned by company insiders.

EMCOR Group Stock Performance

Shares of EME stock traded up $2.81 during trading hours on Tuesday, hitting $472.80. 564,764 shares of the company were exchanged, compared to its average volume of 472,269. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The business's 50-day simple moving average is $400.62 and its two-hundred day simple moving average is $443.36. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 24.01 and a beta of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.17 earnings per share. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its board has approved a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $494.50.

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.