EMCOR Group, Inc. (NYSE:EME) Stake Lowered by Heritage Investors Management Corp

Heritage Investors Management Corp trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,020 shares of the construction company’s stock after selling 84 shares during the period. Heritage Investors Management Corp’s holdings in EMCOR Group were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EME. Allworth Financial LP raised its stake in shares of EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares in the last quarter. CVA Family Office LLC bought a new position in EMCOR Group during the fourth quarter valued at approximately $39,000. Cullen Frost Bankers Inc. acquired a new stake in EMCOR Group in the third quarter valued at approximately $42,000. Benjamin F. Edwards & Company Inc. grew its position in EMCOR Group by 182.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock worth $42,000 after acquiring an additional 126 shares in the last quarter. Finally, Alaska Permanent Fund Corp acquired a new position in shares of EMCOR Group during the 4th quarter worth $43,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Anthony Guzzi sold 6,000 shares of the firm’s 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 completion of the transaction, 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 can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

EMCOR Group Stock Up 0.8 %

EME stock traded up $2.85 during mid-day trading on Thursday, reaching $382.28. 286,120 shares of the stock traded hands, compared to its average volume of 427,913. EMCOR Group, Inc. has a 52 week low of $161.49 and a 52 week high of $383.98. The firm has a market capitalization of $17.97 billion, a PE ratio of 25.22 and a beta of 1.07. The business has a 50-day moving average of $345.76 and a two-hundred day moving average of $265.91.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.92 by $1.25. The company had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.26%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 15th. EMCOR Group’s payout ratio is currently 6.60%.

Analyst Ratings Changes

Several research firms have commented on EME. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp began coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

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.