Evexia Wealth LLC Purchases New Shares in EMCOR Group, Inc. (NYSE:EME)

Evexia Wealth LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,833 shares of the construction company’s stock, valued at approximately $3,009,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. CCM Investment Advisers LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $15,211,000. Private Advisory Group LLC raised its holdings in shares of EMCOR Group by 24.5% during the third quarter. Private Advisory Group LLC now owns 2,151 shares of the construction company’s stock worth $926,000 after purchasing an additional 423 shares during the period. Modus Advisors LLC lifted its position in shares of EMCOR Group by 3.4% in the 3rd quarter. Modus Advisors LLC now owns 2,771 shares of the construction company’s stock worth $1,193,000 after buying an additional 91 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of EMCOR Group by 6.3% in the 3rd quarter. UMB Bank n.a. now owns 1,041 shares of the construction company’s stock valued at $448,000 after buying an additional 62 shares during the period. Finally, CWM LLC grew its position in shares of EMCOR Group by 87.9% during the 3rd quarter. CWM LLC now owns 4,243 shares of the construction company’s stock valued at $1,827,000 after buying an additional 1,985 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 1.9 %

EME traded up $8.36 during trading hours on Friday, hitting $450.45. The company’s stock had a trading volume of 151,161 shares, compared to its average volume of 439,419. EMCOR Group, Inc. has a fifty-two week low of $191.50 and a fifty-two week high of $450.55. The company has a 50-day simple moving average of $391.87 and a 200 day simple moving average of $376.32. The firm has a market capitalization of $21.17 billion, a PE ratio of 29.71 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the firm posted $2.95 EPS. EMCOR Group’s revenue was up 20.4% compared to the same quarter last year. Research analysts expect that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

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.