EMCOR Group, Inc. (NYSE:EME) Director Robin A. Walker-Lee Sells 947 Shares

EMCOR Group, Inc. (NYSE:EME) Director Robin A. Walker-Lee sold 947 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares of the company’s stock, valued at approximately $2,928,616.02. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

EMCOR Group Trading Down 0.7 %

Shares of EMCOR Group stock opened at $433.07 on Wednesday. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The firm’s 50 day simple moving average is $387.34 and its two-hundred day simple moving average is $442.41. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 21.99 and a beta of 1.18.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $4.17 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its board has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 4.42%.

Institutional Trading of EMCOR Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC raised its holdings in shares of EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares during the last quarter. Adirondack Trust Co. lifted its holdings in shares of EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after buying an additional 21 shares during the last quarter. Petra Financial Advisors Inc. grew its holdings in EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company’s stock worth $789,000 after acquiring an additional 24 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after acquiring an additional 25 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EME shares. Stifel Nicolaus cut their price target on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $494.50.

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.