Uncommon Cents Investing LLC Trims Position in EMCOR Group, Inc. (NYSE:EME)

Uncommon Cents Investing LLC lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,695 shares of the construction company’s stock after selling 165 shares during the quarter. Uncommon Cents Investing LLC’s holdings in EMCOR Group were worth $3,395,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EME. Allworth Financial LP grew its holdings in EMCOR Group by 83.8% during 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. Independence Bank of Kentucky purchased a new position in EMCOR Group during the 1st quarter valued at about $33,000. CVA Family Office LLC purchased a new position in EMCOR Group during the 4th quarter valued at about $39,000. Evermay Wealth Management LLC purchased a new position in shares of EMCOR Group during the fourth quarter worth about $39,000. Finally, Rise Advisors LLC purchased a new position in shares of EMCOR Group during the first quarter worth about $40,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Trading Up 4.0 %

Shares of NYSE EME traded up $14.23 during midday trading on Thursday, hitting $371.09. 381,407 shares of the company’s stock were exchanged, compared to its average volume of 465,710. EMCOR Group, Inc. has a 12-month low of $180.63 and a 12-month high of $401.98. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 24.48 and a beta of 1.06. The business’s fifty day moving average price is $376.87 and its two-hundred day moving average price is $312.50.

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

EMCOR Group Dividend Announcement

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

EMCOR Group Profile

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.