Cooper Financial Group Boosts Position in EMCOR Group, Inc. (NYSE:EME)

Cooper Financial Group increased its position in EMCOR Group, Inc. (NYSE:EME) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,328 shares of the construction company’s stock after acquiring an additional 47 shares during the quarter. Cooper Financial Group’s holdings in EMCOR Group were worth $485,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. bought a new position in EMCOR Group in the 4th quarter worth about $992,000. Allworth Financial LP raised its stake in EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares in the last quarter. Cerity Partners LLC bought a new stake in EMCOR Group during the fourth quarter valued at approximately $212,000. Koshinski Asset Management Inc. purchased a new position in EMCOR Group in the 4th quarter worth approximately $280,000. Finally, WCM Investment Management LLC increased its holdings in shares of EMCOR Group by 2.8% in the 4th quarter. WCM Investment Management LLC now owns 115,982 shares of the construction company’s stock worth $25,078,000 after buying an additional 3,105 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.9 %

NYSE EME traded up $3.08 on Tuesday, hitting $358.88. The company’s stock had a trading volume of 98,619 shares, compared to its average volume of 467,219. The firm has a market cap of $16.87 billion, a P/E ratio of 23.47 and a beta of 1.06. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $401.98. The company’s 50-day simple moving average is $369.23 and its 200 day simple moving average is $342.11.

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

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at EMCOR Group

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

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.