Diligent Investors LLC decreased its position in Emcor Group Inc. (NYSE:EME) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after selling 450 shares during the period. Diligent Investors LLC’s holdings in Emcor Group were worth $493,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Carnick & Kubik LLC bought a new stake in shares of Emcor Group during the first quarter worth approximately $126,000. BlackRock Japan Co. Ltd bought a new stake in shares of Emcor Group during the first quarter worth approximately $170,000. LS Investment Advisors LLC raised its stake in shares of Emcor Group by 72.7% in the second quarter. LS Investment Advisors LLC now owns 3,706 shares of the company’s stock worth $183,000 after buying an additional 1,560 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Emcor Group by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 5,637 shares of the company’s stock worth $278,000 after buying an additional 32 shares in the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Emcor Group during the second quarter worth approximately $326,000. 96.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Emcor Group Inc. (NYSE:EME) traded down 0.20% during trading on Tuesday, hitting $59.54. The stock had a trading volume of 227,393 shares. The stock has a 50 day moving average of $57.36 and a 200 day moving average of $51.31. The firm has a market cap of $3.62 billion, a PE ratio of 20.33 and a beta of 1.09. Emcor Group Inc. has a 52-week low of $40.98 and a 52-week high of $60.55.
Emcor Group (NYSE:EME) last posted its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.24. The company earned $1.93 billion during the quarter, compared to analyst estimates of $1.75 billion. Emcor Group had a net margin of 2.55% and a return on equity of 12.33%. Emcor Group’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities analysts anticipate that Emcor Group Inc. will post $3.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Monday, October 17th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.54%. Emcor Group’s dividend payout ratio (DPR) is presently 10.92%.
A number of brokerages have commented on EME. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, August 1st. Sidoti initiated coverage on Emcor Group in a research note on Tuesday, June 21st. They issued a “buy” rating on the stock. Finally, FBR & Co boosted their target price on Emcor Group from $52.00 to $62.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 16th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $57.00.
In other Emcor Group news, Director David A. B. Brown sold 5,851 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $55.25, for a total value of $323,267.75. Following the completion of the sale, the director now directly owns 22,076 shares in the company, valued at $1,219,699. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maxine Lum Mauricio sold 1,386 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $56.35, for a total transaction of $78,101.10. Following the completion of the sale, the senior vice president now owns 15,493 shares of the company’s stock, valued at $873,030.55. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
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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