Twinbeech Capital LP Acquires New Position in EMCOR Group, Inc. (NYSE:EME)

Twinbeech Capital LP acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 473 shares of the construction company’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of EME. Koshinski Asset Management Inc. boosted its stake in EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after purchasing an additional 26 shares during the period. Redwood Investment Management LLC acquired a new position in EMCOR Group during the 4th quarter valued at about $1,417,000. Janney Montgomery Scott LLC boosted its stake in EMCOR Group by 108.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company’s stock valued at $7,439,000 after purchasing an additional 8,545 shares during the period. Van ECK Associates Corp boosted its stake in EMCOR Group by 5.3% during the 4th quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company’s stock valued at $4,495,000 after purchasing an additional 502 shares during the period. Finally, Quantbot Technologies LP acquired a new position in EMCOR Group during the 4th quarter valued at about $1,192,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.1%

Shares of NYSE:EME opened at $463.36 on Friday. The company has a 50 day moving average of $405.38 and a 200-day moving average of $443.69. The firm has a market cap of $20.74 billion, a P/E ratio of 23.53 and a beta of 1.18. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.17 EPS. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, April 17th. EMCOR Group’s dividend payout ratio is currently 4.42%.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now directly owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,197 shares of company stock valued at $3,905,748. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EME shares. Stifel Nicolaus reduced their target price on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $494.50.

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.