442 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 442 shares of the construction company’s stock, valued at approximately $161,000.

Several other institutional investors have also recently modified their holdings of EME. Matrix Trust Co acquired a new position in shares of EMCOR Group during the 2nd quarter worth approximately $26,000. Proffitt & Goodson Inc. acquired a new position in shares of EMCOR Group during the 2nd quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Innealta Capital LLC acquired a new position in shares of EMCOR Group during the 2nd quarter worth approximately $29,000. Finally, ORG Partners LLC acquired a new position in shares of EMCOR Group during the 2nd quarter worth approximately $31,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were 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 owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now directly owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Trading Up 2.0 %

Shares of NYSE:EME opened at $393.06 on Monday. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 25.93 and a beta of 1.06. The stock’s 50-day moving average price is $367.71 and its two-hundred day moving average price is $355.76. EMCOR Group, Inc. has a 12-month low of $191.50 and a 12-month high of $401.98.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 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 company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company posted $2.95 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

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.