EMCOR Group, Inc. (NYSE:EME) Holdings Lowered by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.0% in the 1st quarter, HoldingsChannel reports. The firm owned 2,450 shares of the construction company’s stock after selling 50 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in EMCOR Group were worth $858,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in EMCOR Group during the 1st quarter worth about $28,000. Independence Bank of Kentucky acquired a new stake in EMCOR Group during the 1st quarter worth about $33,000. Rise Advisors LLC acquired a new stake in EMCOR Group during the 1st quarter worth about $40,000. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group during the 1st quarter worth about $40,000. Finally, Allworth Financial LP boosted its position in EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after acquiring an additional 62 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 1.5 %

NYSE EME traded up $5.54 during trading on Tuesday, reaching $381.28. 67,034 shares of the company’s stock were exchanged, compared to its average volume of 457,296. The firm has a market capitalization of $17.92 billion, a PE ratio of 24.79 and a beta of 1.06. EMCOR Group, Inc. has a fifty-two week low of $187.53 and a fifty-two week high of $401.98. The company’s fifty day simple moving average is $378.07 and its 200-day simple moving average is $327.46.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $1.25. The business 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 forecast that EMCOR Group, Inc. will post 16.3 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. EMCOR Group’s dividend payout ratio is 6.60%.

Insider Activity

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 completion of the sale, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by corporate insiders.

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.