EMCOR Group, Inc. (NYSE:EME) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 89.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,688 shares of the construction company’s stock after acquiring an additional 10,269 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EMCOR Group were worth $7,595,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of 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 buying an additional 62 shares in the last quarter. CVA Family Office LLC acquired a new stake in EMCOR Group in the 4th quarter valued at about $39,000. Evermay Wealth Management LLC purchased a new position in EMCOR Group during the 4th quarter valued at about $39,000. Rise Advisors LLC acquired a new position in EMCOR Group during the first quarter worth about $40,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of EMCOR Group in the first quarter valued at about $40,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 1.4 %

Shares of NYSE:EME opened at $365.08 on Monday. The company has a market capitalization of $17.16 billion, a P/E ratio of 24.08 and a beta of 1.08. The stock’s fifty day simple moving average is $375.31 and its 200-day simple moving average is $310.10. EMCOR Group, Inc. has a 52-week low of $178.52 and a 52-week high of $401.98.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $1.25. The company had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a $0.25 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s payout ratio is presently 6.60%.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a research note on Friday, March 22nd.

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.