Emcor Group Inc. (EME) Plans Quarterly Dividend of $0.08
Emcor Group Inc. (NYSE:EME) declared a quarterly dividend on Monday, October 3rd. Stockholders of record on Monday, October 17th will be paid a dividend of 0.08 per share on Friday, October 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.54%.
Emcor Group (NYSE:EME) opened at 59.66 on Tuesday. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 20.38 and a beta of 1.09. Emcor Group has a 12 month low of $40.98 and a 12 month high of $60.33. The stock has a 50 day moving average of $57.36 and a 200 day moving average of $51.31.
Emcor Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.71 by $0.24. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.75 billion. Emcor Group had a net margin of 2.55% and a return on equity of 12.33%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 EPS. Equities analysts anticipate that Emcor Group will post $3.10 EPS for the current fiscal year.
EME has been the subject of several recent analyst reports. Sidoti initiated coverage on shares of Emcor Group in a research report on Tuesday, June 21st. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Finally, FBR & Co lifted their price target on shares of Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.00.
In related news, SVP Maxine Lum Mauricio sold 1,386 shares of Emcor Group stock in a transaction on Friday, August 5th. The shares were sold at an average price of $56.35, for a total value of $78,101.10. Following the completion of the sale, the senior vice president now owns 15,493 shares of the company’s stock, valued at approximately $873,030.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jerry E. Ryan sold 6,202 shares of Emcor Group stock in a transaction on Monday, August 1st. The shares were sold at an average price of $55.42, for a total transaction of $343,714.84. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in Emcor Group by 100.1% in the second quarter. Bessemer Group Inc. now owns 3,227 shares of the company’s stock worth $159,000 after buying an additional 1,614 shares in the last quarter. Fort L.P. purchased a new position in Emcor Group during the second quarter worth about $218,000. Advantus Capital Management Inc purchased a new position in Emcor Group during the second quarter worth about $228,000. Menta Capital LLC purchased a new position in Emcor Group during the second quarter worth about $236,000. Finally, Pacer Advisors Inc. purchased a new position in Emcor Group during the second quarter worth about $245,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.
About Emcor Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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