Impact Partnership Wealth LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 92.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,171 shares of the construction company’s stock after acquiring an additional 1,043 shares during the period. Impact Partnership Wealth LLC’s holdings in EMCOR Group were worth $1,328,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Main Street Group LTD grew its position in shares of EMCOR Group by 110.0% during the 3rd quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of EMCOR Group during the 4th quarter worth $26,000. Activest Wealth Management grew its position in shares of EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after buying an additional 48 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock worth $34,000 after buying an additional 23 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of EMCOR Group during the 4th quarter worth $37,000. Institutional investors own 92.59% of the company’s stock.
EMCOR Group Stock Performance
NYSE:EME opened at $825.34 on Friday. EMCOR Group, Inc. has a one year low of $455.14 and a one year high of $951.96. The firm has a market cap of $36.68 billion, a P/E ratio of 27.69 and a beta of 1.17. The firm has a 50-day simple moving average of $829.32 and a 200-day simple moving average of $733.01.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is presently 5.37%.
Insider Transactions at EMCOR Group
In other news, Director Steven Schwarzwaelder sold 5,602 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the transaction, the director owned 15,875 shares of the company’s stock, valued at $14,211,141.25. The trade was a 26.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the transaction, the director directly owned 10,149 shares in the company, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 45,077 shares of company stock worth $34,416,471. 0.83% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group boosted their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday, March 6th. Robert W. Baird boosted their price target on shares of EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Cantor Fitzgerald started coverage on shares of EMCOR Group in a report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $836.88.
View Our Latest Analysis on EME
EMCOR Group Company Profile
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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