EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Meritage Portfolio Management

Meritage Portfolio Management grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,884 shares of the construction company’s stock after purchasing an additional 987 shares during the quarter. Meritage Portfolio Management’s holdings in EMCOR Group were worth $1,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EME. Allworth Financial LP boosted its holdings in shares of EMCOR Group by 83.8% in 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 in the last quarter. Arlington Trust Co LLC purchased a new position in EMCOR Group during the 3rd quarter worth $35,000. CVA Family Office LLC purchased a new position in EMCOR Group during the 4th quarter worth $39,000. Cullen Frost Bankers Inc. purchased a new position in EMCOR Group during the 3rd quarter worth $42,000. Finally, Alaska Permanent Fund Corp purchased a new position in EMCOR Group during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.1 %

Shares of EMCOR Group stock traded up $3.88 during mid-day trading on Friday, hitting $353.23. 343,222 shares of the stock were exchanged, compared to its average volume of 423,936. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 26.46 and a beta of 1.10. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The company has a 50-day simple moving average of $326.74 and a 200 day simple moving average of $254.57.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.92 by $1.25. The firm had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. Equities research analysts forecast that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is 7.51%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the transaction, the chief executive officer now 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 available at this hyperlink. 1.60% of the stock is currently owned by 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.