Leeward Investments LLC MA Has $17.99 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Leeward Investments LLC MA lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,486 shares of the construction company’s stock after selling 25,015 shares during the quarter. Leeward Investments LLC MA’s holdings in EMCOR Group were worth $17,985,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Modus Advisors LLC raised its stake in EMCOR Group by 2.0% during the 4th quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock worth $539,000 after buying an additional 49 shares during the period. Daiwa Securities Group Inc. increased its holdings in EMCOR Group by 0.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after purchasing an additional 50 shares in the last quarter. Lindbrook Capital LLC increased its holdings in EMCOR Group by 32.5% during the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after purchasing an additional 51 shares in the last quarter. Synovus Financial Corp increased its holdings in EMCOR Group by 1.0% during the 3rd quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock worth $1,277,000 after purchasing an additional 62 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp began coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

Insider Activity

In related news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction that occurred on 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 transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

EMCOR Group Price Performance

Shares of NYSE EME opened at $353.96 on Friday. EMCOR Group, Inc. has a fifty-two week low of $161.49 and a fifty-two week high of $369.53. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 23.35 and a beta of 1.10. The business has a 50-day moving average of $328.76 and a 200-day moving average of $255.59.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, sell-side analysts expect that EMCOR Group, Inc. will post 16 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 15th. EMCOR Group’s payout ratio is presently 6.60%.

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.