Monument Capital Management Boosts Stake in EMCOR Group, Inc. (NYSE:EME)

Monument Capital Management boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,027 shares of the construction company’s stock after acquiring an additional 397 shares during the quarter. Monument Capital Management’s holdings in EMCOR Group were worth $2,591,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in EMCOR Group by 41.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after buying an additional 310,718 shares in the last quarter. Pacer Advisors Inc. increased its position in EMCOR Group by 3,091.7% in the fourth quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock worth $67,645,000 after buying an additional 304,160 shares in the last quarter. Invesco Ltd. increased its position in EMCOR Group by 40.1% in the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after buying an additional 263,330 shares in the last quarter. FMR LLC increased its position in EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after buying an additional 241,920 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in EMCOR Group by 155.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock worth $68,509,000 after buying an additional 198,214 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $5.63 during trading on Monday, reaching $334.26. 172,655 shares of the stock traded hands, compared to its average volume of 415,202. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 24.69 and a beta of 1.10. The business has a fifty day simple moving average of $319.31 and a two-hundred day simple moving average of $251.48. EMCOR Group, Inc. has a 52-week low of $155.46 and a 52-week high of $369.53.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.96. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is presently 7.51%.

Analyst Ratings Changes

A number of analysts have commented on the company. DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp began coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the sale, the chief executive officer now owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

EMCOR Group Profile

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.