EMCOR Group, Inc. (NYSE:EME) Short Interest Down 5.2% in December

EMCOR Group, Inc. (NYSE:EMEGet Rating) was the recipient of a significant drop in short interest during the month of December. As of December 30th, there was short interest totalling 702,100 shares, a drop of 5.2% from the December 15th total of 740,700 shares. Based on an average daily volume of 341,200 shares, the short-interest ratio is currently 2.1 days. Approximately 1.5% of the company’s stock are sold short.

EMCOR Group Trading Up 0.9 %

Shares of EME stock opened at $145.32 on Monday. EMCOR Group has a 12-month low of $95.64 and a 12-month high of $156.67. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $149.86 and its 200-day moving average price is $130.84. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 19.56 and a beta of 1.13.

EMCOR Group (NYSE:EMEGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The construction company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. EMCOR Group had a return on equity of 18.65% and a net margin of 3.54%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.71 billion. Equities research analysts predict that EMCOR Group will post 7.78 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be issued a $0.15 dividend. The ex-dividend date is Friday, January 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. EMCOR Group’s payout ratio is currently 8.08%.

Insider Activity

In related news, EVP Maxine Lum Mauricio sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total transaction of $374,050.00. Following the completion of the transaction, the executive vice president now owns 26,478 shares of the company’s stock, valued at approximately $3,961,638.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Maxine Lum Mauricio sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total transaction of $374,050.00. Following the completion of the transaction, the executive vice president now owns 26,478 shares of the company’s stock, valued at approximately $3,961,638.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony Guzzi sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $135.00, for a total value of $1,012,500.00. Following the transaction, the chief executive officer now directly owns 261,427 shares of the company’s stock, valued at approximately $35,292,645. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $3,444,500. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On EMCOR Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. purchased a new stake in shares of EMCOR Group during the first quarter worth about $26,000. Parkside Financial Bank & Trust grew its position in EMCOR Group by 66.2% during the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after buying an additional 100 shares during the period. Parallel Advisors LLC grew its position in EMCOR Group by 212.1% during the second quarter. Parallel Advisors LLC now owns 284 shares of the construction company’s stock valued at $29,000 after buying an additional 193 shares during the period. First Horizon Advisors Inc. grew its position in shares of EMCOR Group by 4,828.6% in the second quarter. First Horizon Advisors Inc. now owns 345 shares of the construction company’s stock valued at $35,000 after purchasing an additional 338 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of EMCOR Group in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EME shares. DA Davidson raised their price target on EMCOR Group to $165.00 in a research note on Tuesday, November 1st. StockNews.com started coverage on EMCOR Group in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Finally, KeyCorp raised their price target on EMCOR Group from $135.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 4th.

EMCOR Group Company Profile

(Get Rating)

EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.

Recommended Stories

Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.