Y.D. More Investments Ltd bought a new position in EMCOR Group, Inc. (NYSE:EME – Free Report) in the first quarter, Holdings Channel reports. The institutional investor bought 1,537 shares of the construction company’s stock, valued at approximately $1,135,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Applied Finance Capital Management LLC lifted its position in EMCOR Group by 8.7% in the first quarter. Applied Finance Capital Management LLC now owns 589 shares of the construction company’s stock valued at $435,000 after purchasing an additional 47 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of EMCOR Group in the first quarter worth $741,000. Valmark Advisers Inc. increased its stake in shares of EMCOR Group by 12.3% in the first quarter. Valmark Advisers Inc. now owns 2,939 shares of the construction company’s stock worth $2,170,000 after buying an additional 321 shares during the period. Kaizen Financial Strategies raised its holdings in EMCOR Group by 5.1% during the 1st quarter. Kaizen Financial Strategies now owns 413 shares of the construction company’s stock valued at $327,000 after buying an additional 20 shares during the last quarter. Finally, Seneca House Advisors raised its holdings in EMCOR Group by 4.4% during the 1st quarter. Seneca House Advisors now owns 6,535 shares of the construction company’s stock valued at $4,825,000 after buying an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
EMCOR Group Stock Down 0.0%
Shares of EME stock opened at $781.48 on Monday. The stock has a fifty day moving average of $845.56 and a 200 day moving average of $776.04. The firm has a market capitalization of $34.73 billion, a price-to-earnings ratio of 26.22 and a beta of 1.13. EMCOR Group, Inc. has a 52 week low of $540.00 and a 52 week high of $951.96.
EMCOR Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on EME. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $871.25.
Read Our Latest Report on EMCOR Group
Insider Buying and Selling at EMCOR Group
In other news, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the transaction, the director owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $895.19, for a total value of $5,014,854.38. Following the completion of the transaction, the director owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. The trade was a 26.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 10,027 shares of company stock worth $8,957,466. Insiders own 1.26% of the company’s stock.
EMCOR Group Company Profile
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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