EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 17.2% during the second quarter, Holdings Channel reports. The institutional investor owned 635 shares of the construction company’s stock after buying an additional 93 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in EMCOR Group were worth $232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its holdings in shares of EMCOR Group by 634.6% in the 2nd quarter. Hsbc Holdings PLC now owns 41,011 shares of the construction company’s stock valued at $15,037,000 after purchasing an additional 35,428 shares during the last quarter. Blair William & Co. IL raised its position in shares of EMCOR Group by 61.1% in the 2nd quarter. Blair William & Co. IL now owns 2,483 shares of the construction company’s stock worth $907,000 after buying an additional 942 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in EMCOR Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,886 shares of the construction company’s stock valued at $2,477,000 after acquiring an additional 620 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in EMCOR Group by 53.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,844 shares of the construction company’s stock valued at $673,000 after acquiring an additional 639 shares during the period. Finally, Wealth Alliance acquired a new stake in EMCOR Group during the second quarter worth about $357,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 5.2 %

Shares of EME stock opened at $430.07 on Friday. The company has a market cap of $20.21 billion, a PE ratio of 28.37 and a beta of 1.07. The company’s fifty day simple moving average is $371.92 and its 200-day simple moving average is $365.34. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $432.88.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Monday, July 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

EMCOR Group declared that its Board of Directors has approved a share repurchase program on Friday, June 7th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Company 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.