598 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 598 shares of the construction company’s stock, valued at approximately $209,000.

Several other large investors have also added to or reduced their stakes in EME. Nordea Investment Management AB raised its position in EMCOR Group by 10.7% during the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock worth $21,880,000 after acquiring an additional 9,752 shares in the last quarter. Cooper Financial Group bought a new stake in EMCOR Group during the fourth quarter worth $277,000. CVA Family Office LLC bought a new stake in EMCOR Group during the fourth quarter worth $39,000. Raymond James Financial Services Advisors Inc. raised its position in EMCOR Group by 47.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,818 shares of the construction company’s stock worth $2,115,000 after acquiring an additional 3,143 shares in the last quarter. Finally, D.B. Root & Company LLC raised its position in EMCOR Group by 1.6% during the fourth quarter. D.B. Root & Company LLC now owns 5,592 shares of the construction company’s stock worth $1,205,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

EMCOR Group Stock Down 0.3 %

Shares of EME traded down $1.22 during trading hours on Friday, hitting $363.61. The company had a trading volume of 362,398 shares, compared to its average volume of 461,252. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 23.98 and a beta of 1.06. The business has a fifty day moving average of $378.36 and a 200-day moving average of $323.68. EMCOR Group, Inc. has a 12 month low of $187.53 and a 12 month high of $401.98.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Monday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, July 15th. EMCOR Group’s dividend payout ratio is 6.60%.

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.