Mezzasalma Advisors LLC Invests $236,000 in EMCOR Group, Inc. (NYSE:EME)

Mezzasalma Advisors LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 674 shares of the construction company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after buying an additional 62 shares during the period. Independence Bank of Kentucky purchased a new position in EMCOR Group during the 1st quarter valued at about $33,000. CVA Family Office LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at about $39,000. Evermay Wealth Management LLC purchased a new stake in shares of EMCOR Group in the fourth quarter worth approximately $39,000. Finally, Rise Advisors LLC acquired a new stake in shares of EMCOR Group during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $14.23 during midday trading on Thursday, hitting $371.09. The company had a trading volume of 381,407 shares, compared to its average volume of 465,710. EMCOR Group, Inc. has a 1-year low of $180.63 and a 1-year high of $401.98. The business’s 50 day simple moving average is $377.31 and its two-hundred day simple moving average is $312.90. The stock has a market cap of $17.44 billion, a PE ratio of 24.48 and a beta of 1.06.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The company had revenue of $3.43 billion for the quarter. On average, sell-side analysts expect that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. EMCOR Group’s dividend payout ratio is presently 6.60%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction on Thursday, June 6th. The stock was 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 in the company, valued at approximately $6,289,683.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

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.