Expressive Wealth LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 736 shares of the construction company’s stock, valued at approximately $611,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of EME. C M Bidwell & Associates Ltd. purchased a new position in shares of EMCOR Group during the 2nd quarter valued at about $67,000. Keebeck Wealth Management purchased a new stake in EMCOR Group in the 2nd quarter worth approximately $217,000. Keating Financial Advisory Services Inc. purchased a new stake in EMCOR Group in the 2nd quarter worth approximately $144,000. Paralel Advisors LLC bought a new stake in EMCOR Group during the 2nd quarter worth approximately $2,597,000. Finally, Allworth Financial LP bought a new stake in EMCOR Group during the 2nd quarter worth approximately $3,355,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.
EMCOR Group Trading Down 1.2%
Shares of EME opened at $777.68 on Friday. The business’s 50 day moving average is $797.37 and its 200 day moving average is $800.45. The company has a market capitalization of $34.30 billion, a PE ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $564.92 and a 12-month high of $951.96.
EMCOR Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is 4.98%.
Analysts Set New Price Targets
Several equities analysts have weighed in on EME shares. UBS Group lifted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research note on Monday, August 10th. Finally, Cantor Fitzgerald lowered their target price on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, EMCOR Group has an average rating of “Buy” and an average price target of $965.86.
Read Our Latest Report on EMCOR Group
Insider Activity at EMCOR Group
In related news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.
EMCOR Group Company Profile
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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