Caxton Associates LP Buys Shares of 2,652 EMCOR Group, Inc. (NYSE:EME)

Caxton Associates LP bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the first quarter, HoldingsChannel reports. The institutional investor bought 2,652 shares of the construction company’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ascent Group LLC bought a new stake in shares of EMCOR Group in the 1st quarter valued at about $261,000. Price T Rowe Associates Inc. MD increased its stake in shares of EMCOR Group by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock valued at $50,711,000 after acquiring an additional 13,995 shares during the last quarter. Hyperion Capital Advisors LP bought a new stake in shares of EMCOR Group in the 1st quarter valued at about $315,000. Quadrature Capital Ltd increased its stake in shares of EMCOR Group by 1,279.0% in the 1st quarter. Quadrature Capital Ltd now owns 19,734 shares of the construction company’s stock valued at $6,911,000 after acquiring an additional 18,303 shares during the last quarter. Finally, K2 Principal Fund L.P. bought a new stake in shares of EMCOR Group in the 1st quarter valued at about $449,000. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carol P. Lowe sold 1,245 shares of EMCOR Group 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 of the company’s stock, valued at $6,289,683.61. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Stock Performance

NYSE EME opened at $358.52 on Wednesday. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $401.98. The business has a 50 day simple moving average of $375.70 and a 200 day simple moving average of $333.58. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 23.65 and a beta of 1.06.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, beating the consensus estimate of $3.76 by $1.49. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the firm posted $2.95 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Monday, July 15th. EMCOR Group’s 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.