EMCOR Group, Inc. (NYSE:EME) Shares Bought by Norden Group LLC

Norden Group LLC raised its position in EMCOR Group, Inc. (NYSE:EME) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,736 shares of the construction company’s stock after purchasing an additional 46 shares during the period. Norden Group LLC’s holdings in EMCOR Group were worth $1,011,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in EMCOR Group by 11.0% in the first quarter. Mackenzie Financial Corp now owns 3,914 shares of the construction company’s stock valued at $1,447,000 after purchasing an additional 389 shares during the last quarter. LPL Financial LLC grew its holdings in EMCOR Group by 33.0% in the first quarter. LPL Financial LLC now owns 60,154 shares of the construction company’s stock valued at $22,235,000 after purchasing an additional 14,930 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in EMCOR Group by 11.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,183 shares of the construction company’s stock valued at $20,767,000 after purchasing an additional 5,568 shares during the last quarter. HB Wealth Management LLC grew its holdings in EMCOR Group by 197.1% in the first quarter. HB Wealth Management LLC now owns 2,873 shares of the construction company’s stock valued at $1,062,000 after purchasing an additional 1,906 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in EMCOR Group by 3.6% in the first quarter. TD Asset Management Inc now owns 242,161 shares of the construction company’s stock valued at $89,510,000 after purchasing an additional 8,330 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on EME shares. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating on the stock. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Hovde Group upgraded EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Stifel Nicolaus lifted their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $581.40.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer directly owned 208,989 shares of the company’s stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director directly owned 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Down 0.4%

Shares of NYSE:EME opened at $632.21 on Tuesday. The stock’s 50-day moving average price is $514.37 and its two-hundred day moving average price is $452.69. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $641.96. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 27.94 and a beta of 1.24.

EMCOR Group (NYSE:EME) last issued its quarterly 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. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $4.17 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Tuesday, July 15th. EMCOR Group’s payout ratio is 4.42%.

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.