Michael T. Yonker Sells 13,725 Shares of Emcor Group Inc. (EME) Stock
Emcor Group Inc. (NYSE:EME) Director Michael T. Yonker sold 13,725 shares of Emcor Group stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $65.94, for a total value of $905,026.50. Following the transaction, the director now owns 65,087 shares of the company’s stock, valued at $4,291,836.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Emcor Group Inc. (NYSE:EME) opened at 70.24 on Wednesday. Emcor Group Inc. has a 52 week low of $40.98 and a 52 week high of $70.48. The stock has a market capitalization of $4.26 billion, a PE ratio of 22.53 and a beta of 0.88. The stock’s 50 day moving average is $59.94 and its 200 day moving average is $53.93.
Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The business earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Emcor Group had a net margin of 2.61% and a return on equity of 12.85%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Analysts anticipate that Emcor Group Inc. will post $3.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Monday, October 17th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 13th. Emcor Group’s dividend payout ratio (DPR) is presently 10.29%.
EME has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday, August 1st. FBR & Co lifted their target price on shares of Emcor Group from $52.00 to $62.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 16th. Finally, Stifel Nicolaus lifted their target price on shares of Emcor Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 28th. Four analysts have rated the stock with a buy rating, Emcor Group presently has a consensus rating of “Buy” and an average price target of $62.50.
Several hedge funds and other institutional investors have recently bought and sold shares of EME. Parametrica Management Ltd bought a new position in Emcor Group during the second quarter valued at about $326,000. LS Investment Advisors LLC boosted its position in Emcor Group by 72.7% in the second quarter. LS Investment Advisors LLC now owns 3,706 shares of the company’s stock valued at $183,000 after buying an additional 1,560 shares during the period. 1st Global Advisors Inc. boosted its position in Emcor Group by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 5,637 shares of the company’s stock valued at $278,000 after buying an additional 32 shares during the period. Palo Capital Inc. boosted its position in Emcor Group by 107.6% in the second quarter. Palo Capital Inc. now owns 54,342 shares of the company’s stock valued at $2,676,000 after buying an additional 28,172 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Emcor Group by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 48,300 shares of the company’s stock valued at $2,379,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.
Emcor Group Company Profile
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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