Stifel Financial Corp Sells 29,449 Shares of EMCOR Group, Inc. (NYSE:EME)

Stifel Financial Corp cut its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 37.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,361 shares of the construction company's stock after selling 29,449 shares during the quarter. Stifel Financial Corp owned about 0.11% of EMCOR Group worth $21,951,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. increased its holdings in shares of EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after buying an additional 667 shares during the last quarter. PFW Advisors LLC bought a new stake in shares of EMCOR Group during the 4th quarter worth about $689,000. Central Pacific Bank Trust Division grew its stake in EMCOR Group by 382.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,833 shares of the construction company's stock valued at $832,000 after buying an additional 1,453 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of EMCOR Group by 108.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock worth $7,439,000 after acquiring an additional 8,545 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.26% of the company's stock.

EMCOR Group Trading Down 5.0 %

EMCOR Group stock traded down $20.67 during mid-day trading on Wednesday, reaching $392.35. The company had a trading volume of 368,993 shares, compared to its average volume of 461,663. The company has a market cap of $17.68 billion, a P/E ratio of 19.94 and a beta of 1.08. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The business has a fifty day simple moving average of $385.43 and a 200 day simple moving average of $443.39.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. During the same period in the previous year, the company posted $4.17 earnings per share. The business's quarterly revenue was up 12.7% on a year-over-year basis. Research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. EMCOR Group's dividend payout ratio (DPR) is currently 4.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. StockNews.com downgraded 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 target price of $497.25.

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.