Securian Asset Management Inc. Decreases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Securian Asset Management Inc. reduced its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,749 shares of the construction company’s stock after selling 143 shares during the period. Securian Asset Management Inc.’s holdings in EMCOR Group were worth $1,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Matrix Trust Co purchased a new position in EMCOR Group in the second quarter worth about $26,000. V Square Quantitative Management LLC bought a new position in shares of EMCOR Group during the 1st quarter valued at approximately $28,000. Allworth Financial LP raised 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 valued at $29,000 after buying an additional 62 shares during the period. Independence Bank of Kentucky bought a new stake in EMCOR Group in the first quarter worth $33,000. Finally, Evermay Wealth Management LLC purchased a new position in EMCOR Group during the fourth quarter worth $39,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 0.0 %

Shares of EME stock traded down $0.10 on Monday, reaching $355.67. 124,897 shares of the company’s stock were exchanged, compared to its average volume of 469,047. The company’s fifty day simple moving average is $369.58 and its 200 day simple moving average is $340.31. The stock has a market capitalization of $16.72 billion, a PE ratio of 23.47 and a beta of 1.06. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $401.98.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.95 earnings per share. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.28%. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Analysts Set New Price Targets

Separately, DA Davidson increased their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the completion of the transaction, the director now owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.