EMCOR Group (NYSE:EME) Hits New 12-Month High at $376.69

Shares of EMCOR Group, Inc. (NYSE:EME) reached a new 52-week high during trading on Monday . The stock traded as high as $376.69 and last traded at $376.68, with a volume of 73410 shares changing hands. The stock had previously closed at $363.77.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EME shares. KeyCorp started coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Trading Up 0.9 %

The company has a market capitalization of $17.65 billion, a P/E ratio of 24.77 and a beta of 1.07. The stock has a 50 day moving average of $342.89 and a 200-day moving average of $264.28.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The firm had revenue of $3.43 billion during the quarter. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group’s payout ratio is 6.60%.

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now owns 219,023 shares in the company, valued at approximately $70,010,701.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EME. GAMMA Investing LLC increased its stake in shares of EMCOR Group by 17.2% during the first quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock worth $84,000 after purchasing an additional 35 shares in the last quarter. Modus Advisors LLC boosted its position in shares of EMCOR Group by 2.0% during the 4th quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock valued at $539,000 after acquiring an additional 49 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of EMCOR Group by 0.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after buying an additional 50 shares during the period. Lindbrook Capital LLC increased its stake in EMCOR Group by 32.5% during the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after acquiring an additional 51 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in EMCOR Group by 1.0% in the 3rd quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock valued at $1,277,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.