Keybank National Association OH lessened its holdings in shares of Emcor Group Inc (NYSE:EME) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,733 shares of the construction company’s stock after selling 2,452 shares during the period. Keybank National Association OH’s holdings in Emcor Group were worth $1,827,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Icon Wealth Partners LLC acquired a new position in shares of Emcor Group during the first quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Emcor Group by 42.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock worth $53,000 after purchasing an additional 180 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in shares of Emcor Group by 62.4% during the first quarter. FinTrust Capital Advisors LLC now owns 812 shares of the construction company’s stock worth $59,000 after purchasing an additional 312 shares during the period. Hilton Capital Management LLC acquired a new position in shares of Emcor Group during the first quarter worth $99,000. Finally, ETF Managers Group LLC lifted its holdings in shares of Emcor Group by 8.1% during the first quarter. ETF Managers Group LLC now owns 1,841 shares of the construction company’s stock worth $135,000 after purchasing an additional 138 shares during the period. Institutional investors own 92.55% of the company’s stock.
In related news, CFO Mark A. Pompa sold 12,000 shares of Emcor Group stock in a transaction on Friday, June 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,020,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.
EME has been the topic of a number of recent research reports. Maxim Group reiterated a “hold” rating and set a $85.00 price target on shares of Emcor Group in a report on Tuesday, July 30th. Zacks Investment Research upgraded shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a report on Thursday, May 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Emcor Group from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.00.
Shares of NYSE EME opened at $81.85 on Friday. Emcor Group Inc has a twelve month low of $57.29 and a twelve month high of $89.54. The firm has a fifty day simple moving average of $85.09 and a 200 day simple moving average of $78.72. The company has a market capitalization of $4.57 billion, a PE ratio of 14.77 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 1.42 and a debt-to-equity ratio of 0.25.
Emcor Group (NYSE:EME) last announced its earnings results on Tuesday, July 30th. The construction company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the firm earned $1.21 earnings per share. Emcor Group’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities analysts expect that Emcor Group Inc will post 5.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Friday, July 19th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, July 18th. Emcor Group’s dividend payout ratio is presently 6.52%.
Emcor Group Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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